A bankruptcy judge on Friday approved the sale of nearly 200 David’s Bridal stores out of bankruptcy to Cion Investment Corp.
In her bench ruling approving the sale Friday, Judge Christine Gravelle with the U.S. Bankruptcy Court in Trenton, N.J., said the transaction, which is set to close next week, would maximize the value for the creditors, while saving thousands of jobs and keeping up to 195 stores open.
“Without…