Bridal Retailer Alfred Angelo Files for Bankruptcy

Print Friendly, PDF & Email
Alfred Angelo
photo credit: @alfredangelobridal Instagram

Bridal retailer Alfred Angelo has closed, threatening to turn brides’ big day into their biggest disappointments.

The company filed for bankruptcy on Friday. The retailer, which had been in business for 80 years operated more than 60 bridal shops in the U.S. and sold through more than 1,400 other retailers worldwide, according to its site, where a notice was posted announcing the company had halted operations.

The company, which also offered a Disney-licensed line of gowns, intends to liquidate all assets, according to Stearns Weaver Miller, which is representing the retailer. Lawyer Patricia Redmond told the Los Angeles Times Alfred Angelo will seek permission to release any dresses waiting for brides as well as a shipment of dresses from China worth $1.2 million.

The bankruptcy filing lists the number of creditors between 1 and 49 with assets capping out at $50,000 and liabilities ranging from $50 million to $100 million. Several affiliates, including Hacienda Brides, Brides Mart, LP, AA Bridal Midwest, LLC and Piccione Fashion Ltd, all filed for chapter 7 protection as well.

Redmond lists portfolio company Check Asset Management as a top creditor at $54 million and credit card processor Card Connect as another with $5 million outstanding. Others expected to file claims include vendors in China as well as disgruntled brides-to-be.

In the company’s post, the retailer asked for patience as it tries to provide information on all orders. But brides-to-be aren’t known for being long-suffering. The Wall Street Journal spoke to a bride and several bridal shops but turned up no obvious reason for the company’s abrupt closure.

One retailer expressed concern that the situation would give independent shops like hers a bad name. “What this does is give brick-and-mortar stores like me that have been in business for 49 years a bad rap,” Sue Maslowski, owner of Jay West Bridal in Haddonfield, N.J., told the publication. “Brides will be reluctant to put deposits down, afraid we’ll go out of business.”

 


Recent News

Tintex Introduces Naturally Advanced Cotton With Raw Material Strategy

Portugese mill Tintex is switching from the use of conventional cotton and has launched a new fabric range called Naturally Advanced Cotton by Tintex using four different premium and responsibly grown cottons.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more

Brazil’s Improving Economy Has Restored Faith in Footwear Sourcing

For Brazil, the worst of its recent recession appears to have blown over for now, and though its retail industry may still be reeling from the 40,000 or so apparel and footwear stores that shuttered in the last two years, and manufacturing is feeling the sting of rising raw material costs, sourcing is starting to see a silver lining.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more

Textile Exchange’s New Website Explores Possibilities of Biosynthetics in Apparel

Textile Exchange is fostering a future where garments could be made from biosynthetics—including algae, bacteria, fungi, sugar and plants—as alternatives to conventional materials.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more