By Paul Pannone
The struggles in the wedding business continue as survey results and data show a new generation of Americans move away from traditional weddings and everything associated with them. This week eWedNewz discovered the owners of the biggest retailer and supplier of wedding gowns in the United States, David’s Bridal, has reportedly agreed to sell the business to another investment firm.
Clayton, Dubilier & Rice reportedly agreed to pay $900 million to Leonard Green & Partners $900 million dollars for David’s Bridal; about $100 million shy of the original projected price. eWedNewz began the coverage back in June, as LG&P quietly shopped their bridal dress business.
In the printed magazine business expert onlookers say they’re watching dubious numbers reported in newsstand sales and circulation. Some told eWedNewz the numbers seem fuzzy, feeling publications can spin them anyway they like because of an industry that doesn’t really pay attention.
A Rundown of the American Bridal and Prom Industry Association keeps the wedding industry aware of how the new organization plans to fight online theft of property and eventually create an organization that will give value products for membership and support.
All Rights Reserved