later, as the business grew even larger and larger, small stores were starting to go out of business while more David’s Bridal stores were being put into the business. Between 1994 and 1995, 12 stores were added to the bridal corporation. In 1999, DABR went public with over $104 million in assets and selling 8 million shares. In 2000, the May Department Stores Company bought David’s Bridal from Youtie and Erlbaum for $436 million. By this time, David’s Bridal was the largest retailer of bridal gowns and wedding-related merchandise. On November 17, 2006, David's Bridal was purchased by Leonard Green & Partners. David’s Bridal is now the only nationwide competitor of bridal stores. One in four American brides are dressed by David’s Bridal. David's Bridal agreed to be acquired by the private-equity firm Clayton, Dubilier & Rice in 2012 for a price around $900 million. On October 11, 2012, Clayton, Dubilier & Rice announced the completion of its acquisition of David’s Bridal, Inc. in a deal that valued the company at $1.05 billion. In August 2016, David's announced the former president and CEO of the Gap Inc., Paul Pressler as chief executive officer. In May 2018, Scott Key was named Chief Executive Officer. On November 19, 2018, David's filed for Chapter 11 bankruptcy. In January 2019, David's Bridal emerged from bankruptcy. The retailer is now owned by a group of lenders including Oaktree Capital Group. Tom Lynch, former chief executive at Frederick's of Hollywood, succeeded Scott Key as the interim Chief Executive Officer in March 2019. David's Bridal also announced the former interim chief revenue officer and CFO at National Stores, Inc., Curt Kroll, would take the role of Chief Financial Officer. On June 24, 2019, David's appointed James A. Marcum as the chief executive officer, replacing Tom Lynch who had been the interim CEO. References External links Careers Clothing retailers of the United States American companies established in 1950 Clothing companies established in 1950 Retail companies established in 1950 Private equity portfolio companies Privately held companies based in Pennsylvania 1950 establishments in Florida Companies based in Conshohocken, Pennsylvania Companies that filed for Chapter 11 bankruptcy in 2018 May Department Stores 2000 mergers and acquisitions 2006 mergers and acquisitions 2012 mergers and acquisitions 2019 mergers and acquisitions Wedding dresses