Around 150 Wisconsin jobs could be on the line as David's Bridal negotiates bankruptcy and potential sale.
This month, the Pennsylvania-based retailer filed for Chapter 11 bankruptcy. It was its second filing in six years. This news comes just days after the apparel and accessories business announced it would be laying off up to 9,000 employees nationwide.
David's Bridal stated that it could not finalize the sale of its company without court approval and would explore a possible sale under bankruptcy protection.
David's Bridal announced its voluntary petition and said that its stores will remain open.
The state of Wisconsin has filed a mass layoff notification that outlines the potential schedule to reduce its staff. The notice states that 10,067 total jobs, including 147 in Wisconsin, are at risk.
The document states that it is not yet known if the company will cease operations completely or if the closure will only be at certain locations.
David's Bridal operates six stores in Wisconsin: Ashwaubenon Brookfield Eau Claire Grand Chute Greenfield Madison. Under the proposed schedule, field and store staff would be laid off from June 12 to August 11 of this year.
The retailer announced that it would begin terminating the employment of its distribution center employees around the same time.
As early as this month, corporate employees may lose their jobs. The layoffs of corporate employees are expected to occur in three phases, and will continue until August 11.
David's Bridal stated that the timeline was based on its best information available but could change as the company evaluates all options.
David's Bridal, according to the document, is evaluating options such as a sale or liquidation of all or part of the company or certain assets or intellectual property.
The notice states that 'the layoffs will be permanent', but new opportunities could arise depending on the results of the sale efforts.