New York firm revealed as bidder for David’s Bridal assets, could save nearly 200 stores

Less than three months after David’s Bridal filed for Chapter 11 bankruptcy protection, the potential buyer of the beleaguered retailer has been revealed.

Court documents show New York investment and business development company CION Investment Corp. has submitted a going-concern bid to acquire a portion of the Conshohocken, Pennsylvania-based wedding dress retailer’s assets.

“While we still have much work to do in order to proceed with seeking approval, and as nothing is certain, this could…