RESTRUCTURING

摘要

david's bridal is in talks to hire investment bank Evercore as a restructuring advisor to slash its US$1bn debt burden, as the US wedding gown retailer faces mounting competition. David's Bridal is the latest retailer to struggle as internet upstarts offer increased transparency on prices, turning its stores into showrooms where customers come to try on gowns only to buy them online. More than 15 US bricks-and-mortar retailers filed for bankruptcy last year.