David's Bridal opens new retail concept for wedding dresses called Diamonds & Pearls
David's Bridal opens new retail concept for wedding dresses called Diamonds & Pearls
Show Caption
Hide Caption
Wedding website tips: How to share important details with guests
Wedding websites can help your guests easily access information about your big day.
Problem Solved
David's Bridal is opening a new bridal retail concept aimed at delivering "elevated, curated and personalized" experiences for brides looking for the perfect wedding dress.
The concept, announced last Thursday, shares the name of a popular Prince song: Diamonds & Pearls. It looks to provide a "space that seamlessly blends timeless elegance with contemporary allure," according to the company.
"At David's, we believe every bride deserves a magical experience-and it starts the moment she walks into one of our stores," said Kelly Cook, CEO of David's Bridal, in the news release. "With Diamonds & Pearls, we're taking this promise to the next level."
Where is the first Diamond & Pearls location?
The first Diamonds & Pearls location is currently open to shoppers and booking appointments in Delray Beach, Florida, with a second location to open later this year, David's Bridal said in a news release. The store aims to blend the "hospitality of a high-end bridal boutique with David's recent technology" and is designed for "a new generation of brides who crave modern styling options, personalization, and a luxurious way to shop for their dream dress," according to the company.
According to David's Bridal, Diamonds & Pearls stores will feature a "thoughtfully edited selection" with approximately one-third the options found in a traditional David's Bridal store, tailored to the "most trending styles and silhouettes." The store concept also aims to "revolutionize" its in-store and digital retail experience, the company said.
Store openings: IKEA opening new locations in 2025 and 2026. Here's where.
David's Bridal dealt with bankruptcy woes
The opening of this new concept comes amid troubles in recent years for the retailer. In April 2023, David's Bridal filed for bankruptcy and laid off more than 9,200 employees. In July 2023, they were able to sell the business to asset manager Cion Investment Corp in a no-cash transaction, Reuters reported. And in 2018, the chain also filed for Chapter 11 bankruptcy protection but came out of it the next year.
Contributing: Amanda Pérez Pintado; Reuters
Gabe Hauari is a national trending news reporter at USA TODAY. You can follow him on X @GabeHauari or email him at Gdhauari@gannett.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
23 minutes ago
- Business Wire
Renesas Announces Expected Loss Resulting from Signing Restructuring Support Agreement with Wolfspeed
TOKYO--(BUSINESS WIRE)--Renesas Electronics Corporation (TSE: 6723, "Renesas"), a premier supplier of advanced semiconductor solutions, today announced that it has entered into a Restructuring Support Agreement (the "Restructuring Support Agreement") with Wolfspeed, Inc. (NYSE: WOLF, "Wolfspeed") and its principal creditors for the financial restructuring of Wolfspeed. As a result, Renesas expects to record a loss as described below. 1. Details of Loss As , Renesas entered into the silicon carbide wafer supply agreement with Wolfspeed, and through Renesas' wholly owned subsidiary in the United States, it provided a deposit (the "Deposit") of US$2 billion (approximately 292.0 billion yen) to Wolfspeed. In October 2024, Renesas and Wolfspeed amended their agreement and increased the outstanding principal amount of the Deposit to US$2.062 billion (approximately 301.1 billion yen). Subsequently, Wolfspeed has experienced financial challenges. On May 8, 2025, during its quarterly earnings call, Wolfspeed disclosed that to achieve its stated goal of strengthening its balance sheet, it may implement a transaction through an in-court solution. Due to Wolfspeed's contemplation of an in-court option, Wolfspeed included required going concern language in the footnotes to its financial statements for the quarterly period ended March 30, 2025. In response to this situation, Renesas has been engaging in discussions with Wolfspeed and today entered into the Restructuring Support Agreement among Wolfspeed and its principal creditors, pursuant to which Renesas agreed to, among other things, convert the Deposit of US$2.062 billion into convertible notes, common stock, and warrants issued by Wolfspeed as follows (the 'Restructuring'). Wolfspeed convertible notes: US$204 million (approximately 29.8 billion yen) in aggregate principal amount, convertible to Wolfspeed common stock, maturing in June 2031. These notes are convertible into 13.6% of Wolfspeed's total issued shares on a non-diluted basis at the time of the completion of the Restructuring. On a fully diluted basis, and prior to the exercise of the warrants to be granted to Renesas, this corresponds to 11.8%. Wolfspeed common stock: equivalent to 38.7% (17.9% on a fully diluted basis, prior to Renesas warrants exercise) of the total number of issued shares of Wolfspeed at the completion of the Restructuring. Wolfspeed warrants: equivalent to 5% (on a fully diluted basis) of the total number of issued shares of Wolfspeed at the completion of the Restructuring. The Restructuring is expected to be consummated through proceedings under Chapter 11 of the U.S. Bankruptcy Code. It is expected that Wolfspeed will file a petition with the court to initiate such proceedings in the near future. The Restructuring is expected to become effective by the end of September 2025, subject to court approval of the restructuring plan. If the necessary regulatory approvals have not been obtained by the time the Restructuring takes effect, Renesas will hold rights to instruments with equivalent economic value to Wolfspeed's convertible notes, common stock, and warrants until those approvals are received. In connection with the signing of the Restructuring Support Agreement, Renesas expects to record a loss on the deposited receivables related to the Deposit in its consolidated financial statements. Although the timing and amount of such loss have not been determined at this time, Renesas believes that there is a possibility of recording a loss of approximately 250 billion yen (converted at an average exchange rate of 150 yen to the dollar during the period) in the consolidated financial statements for the six months ending June 30, 2025. Please note that this amount is an estimate calculated by Renesas' internal analysis based on the currently available information and may increase or decrease due to various factors. The definitive timing and amount of the loss to be recorded will be determined in consultation with Renesas' auditor and will be announced once it is determined. 2. Future Outlook Renesas discloses revenue, gross margin, and operating margin on a "Non-GAAP" basis and does not disclose a forecast for profit attributable to owners of parent. Therefore, there is no change to the forecast for the six months ending June 30, 2025, announced on April 24, 2025. (Note1) Unless otherwise indicated, yen equivalents in this material are calculated using the exchange rate as of June 20, 2025: 146 yen to the dollar. (Note2) Non-GAAP figures are calculated by removing or adjusting non-recurring items and other adjustments from GAAP (IFRS basis) figures following a certain set of rules. Renesas believes non-GAAP measures provide useful information in understanding and evaluating its constant business results, and therefore, forecasts are provided on a non-GAAP basis. This adjustment and exclusion include the amortization of intangible assets recognized from acquisitions, other PPA (purchase price allocation) adjustments and stock-based compensation, as well as other non-recurring expenses and income Renesas believes to be applicable. Expand About Renesas Electronics Corporation Renesas Electronics Corporation (TSE: 6723) empowers a safer, smarter and more sustainable future where technology helps make our lives easier. A leading global provider of microcontrollers, Renesas combines our expertise in embedded processing, analog, power and connectivity to deliver complete semiconductor solutions. These Winning Combinations accelerate time to market for automotive, industrial, infrastructure and IoT applications, enabling billions of connected, intelligent devices that enhance the way people work and live. Learn more at Follow us on LinkedIn, Facebook, Twitter, YouTube, and Instagram. (FORWARD-LOOKING STATEMENTS) The statements in this press release with respect to the plans, strategies and financial outlook of Renesas and its consolidated subsidiaries (collectively 'we') are forward-looking statements involving risks and uncertainties. Such forward-looking statements do not represent any guarantee by management of future performance. In many cases, but not all, we use such words as 'aim,' 'anticipate,' 'believe,' 'continue,' 'endeavor,' 'estimate,' 'expect,' 'initiative,' 'intend,' 'may,' 'plan,' 'potential,' 'probability,' 'project,' 'risk,' 'seek,' 'should,' 'strive,' 'target,' 'will' and similar expressions to identify forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. These statements discuss future expectations, identify strategies, contain projections of our results of operations or financial condition, or state other forward-looking information based on our current expectations, assumptions, estimates and projections about our business and industry, our future business strategies and the environment in which we will operate in the future. Known and unknown risks, uncertainties and other factors could cause our actual results, performance or achievements to differ materially from those contained or implied in any forward-looking statement, including, but not limited to, general economic conditions in our markets, which are primarily Japan, North America, Asia, and Europe; demand for, and competitive pricing pressure on, products and services in the marketplace; ability to continue to win acceptance of products and services in these highly competitive markets; fluctuations in currency exchange rates, particularly between the yen and the U.S. dollar; and risks and uncertainties associated with Wolfspeed's proceedings under Chapter 11 of the U.S. Bankruptcy Code, including Wolfspeed's ability to maintain relationships with suppliers, customers, employees and other third parties and regulatory authorities as a result of such proceedings, and other factors discussed in Wolfspeed's filings with the U.S. Securities and Exchange Commission. Among other factors, a downturn of the world economy; deteriorating financial conditions in world markets, or a deterioration in domestic and overseas stock markets, may cause actual results to differ from the projected results forecast. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. This press release is based on the economic, regulatory, market and other conditions as in effect on the date hereof. It should be understood that subsequent developments may affect the information contained in this presentation, which neither we nor our advisors or representatives are under an obligation to update, revise, or affirm.
Miami Herald
2 hours ago
- Miami Herald
Trump's Iran strike could boost — or ruin — his troubled presidency
President Trump's decision to bomb Iran's nuclear sites is a high-stakes gamble that could either breathe new life into or irreparably damage his troubled second term in the White House. Yet for the world at large, it may well prove to be a welcome development. Before we get into why Trump's decision aligns with the consensus among the world's biggest democracies — that Iran should not be allowed to obtain nuclear weapons — let's remember that Trump's popularity was falling fast before the strike. Only 42% of Americans approve of Trump's job performance, while 54% disapprove of it, according to a large-sample Reuters-IPSOS poll conducted June 11-16. Most Americans view Trump negatively, not only on the economy, which was once his strong point, but also on immigration, according to polls. The U.S. economy has slowed dramatically since Trump took office and launched his erratic tariff wars. According to the latest World Bank projections, the U.S. economy will only grow by 1.4% this year, which would be half of its 2.8% growth last year, in part because of the uncertainty created by Trump's on-and-off threats to impose huge import taxes on foreign goods. Likewise, many Trump voters in states with large immigrant communities, like Florida, are disappointed by Trump's decision to deport hundreds of thousands of immigrants without criminal records, including more than 350,000 Venezuelan Temporary Protected Status (TPS) holders who entered the country legally. During the 2024 campaign, Republicans claimed that Trump would focus on deporting violent criminals. Before his Iran strike, Trump was also haunted by his growing image as a wavering leader. His repeated reversals of his own tariff ultimatums — first vowing to impose 145% tariffs on China, then reducing them to 30% — made him an object of mockery in European capitals and among U.S. critics. A Financial Times columnist popularized the acronym TACO — Trump Always Chickens out — to describe the U.S. president's trade strategy. Trump got visibly upset when he was asked about the TACO reference at a recent press conference. His fear of being perceived as an indecisive leader may have pushed him — after weeks of reportedly telling Israel's Prime Minister Benjamin Netanyahu he would not get dragged into the conflict — to join Israel's military offensive against Iran's nuclear sites. But if Trump's Iran gamble turns out well and Iran's theocratic dictatorship either crumbles or gives up its uranium enrichment program through diplomatic negotiations — a big if — Trump will be credited with having done something four previous presidents contemplated but ultimately failed to do. Internationally, virtually all major Western democracies agrees that Iran is a threat to Israel, and to the world. In a statement at the end of the June 16 summit of the G-7 group of Western democracies in Alberta, Canada, the leaders of the United States, the United Kingdom, France, Germany, Japan, Italy and Canada said that 'We have been consistently clear that Iran can never have a nuclear weapon.' The G-7 bloc's statement added that 'Iran is the principal source of regional instability and terror in the Middle East,' and that 'We affirm that Israel has a right to defend itself.' Days earlier, on June 12, the International Atomic Energy Agency (IAEA) for the first time in 20 years issued a statement warning that Iran was not complying with its nuclear nonproliferation agreements. Translation: Iran was enriching uranium at levels only justified to build nuclear weapons. Skeptics who don't follow Iran's political history may ask themselves why the world doesn't allow Iran to have nuclear weapons like India, Pakistan and other countries. The answer is simple: Unlike other countries, Iran has a state policy of trying to 'eliminate' a nearby sovereign country — Israel— that has been recognized by the United Nations since 1948. This is not about Western countries being against Iran's Jurassic theocracy for imprisoning women for failing to cover their heads with a hijab, or for executing gays, or any of its other abhorrent internal policies. The reason is that if we allow a country that calls for the destruction of another nation to have a nuclear bomb, it will set a precedent that makes the world even more dangerous. In Iran's case, it's not just Iranian Supreme Leader Ayatollah Ali Khamenei's crazy rhetoric, but his actions. Iran has long provided financial aid to terrorist groups like Hezbollah in Lebanon and Hamas in Gaza. Iran's proxies have carried out terrorist attacks as far away as Argentina, where Hezbollah was found responsible for the bombing that killed 85 people and wounded hundreds at the AMIA Jewish Community Center in Buenos Aires in 1994. There are many ways in which Trump's political gamble may go wrong, especially if Iran moved some of its enriched uranium into a secret location outside Fordo, or if it unifies Iranians behind their decrepit regime. But if Iran's regime falls, or agrees to a serious international nuclear monitoring agreement, Trump's faltering second term will get a second wind. Don't miss the 'Oppenheimer Presenta' TV show on Sundays at 9 pm E.T. on CNN en Español. Blog:
CNBC
3 hours ago
- CNBC
Musk's Tesla is launching robotaxis in Austin, Texas
After driverless Tesla Model Ys were spotted traversing Austin, Texas, streets on Sunday morning, CEO Elon Musk posted on his social platform X that Tesla's "robotaxi launch" would start this afternoon with rides for a flat fee of $4.20. A Reuters witness saw several Tesla "robotaxis" on Sunday morning in a popular area of the Texas capital called South Congress with no one in the driver's seat but one person in the passenger seat. Tesla planned to have front-seat riders acting as "safety monitors," though it remained unclear how much control they would have over the vehicles. Videos of driverless Teslas have also been posted on social media but it was not known if the vehicles carried any passengers. As the date of the planned robotaxi launch approached, Texas lawmakers moved to enact rules on autonomous vehicles in the state. Texas Gov. Greg Abbott, a Republican, on Friday signed legislation requiring a state permit to operate self-driving vehicles. The law does not take effect until Sept. 1, but the governor's approval of it on Friday signals state officials from both parties want the driverless-vehicle industry to proceed cautiously. A group of Democratic state lawmakers earlier this week asked Tesla to delay its planned robotaxi trial because of the legislation. Tesla did not respond to requests for comment. The governor's office declined to comment. The law softens the state's previous anti-regulation stance on autonomous vehicles. A 2017 Texas law specifically prohibited cities from regulating self-driving cars. In recent days, Tesla has sent invites to a select group of Tesla online influencers for a small and carefully monitored robotaxi trial, which the company has said would include 10 or 20 Model Y vehicles operated in a limited zone of Austin. The law requires autonomous-vehicle operators to get approval from the Texas Department of Motor Vehicles before operating on public streets without a human driver. It also gives state authorities the power to revoke permits if they deem a driverless vehicle "endangers the public," and requires firms to provide information on how police and first responders can deal with their driverless vehicles in emergency situations. The law's requirements for getting a state permit to operate an "automated motor vehicle" are not particularly onerous but require a firm to attest it can safely operate within the law. It defines an automated vehicle as having at least "Level 4" autonomous-driving capability under a recognized standard, meaning it can drive itself with no human driver under specified conditions, such as within a limited area. Level 5 autonomy is the top level and means a car can drive itself anywhere, under any conditions. Compliance remains far easier than in some states, most notably California, which requires extensive submission of vehicle-testing data under state oversight. The Tesla robotaxi launch, which the company warned might be delayed, comes after more than a decade of Musk's unfulfilled promises to deliver self-driving Teslas. Most of Tesla's sky-high stock value now rests on its ability to deliver robotaxis and humanoid robots, according to many industry analysts. Tesla is by far the world's most valuable automaker. Musk has said Tesla would be "super paranoid" about safety for the Austin rollout. The company planned to operate only in areas it considered the safest. The service in Austin will have other restrictions as well. Tesla plans to avoid bad weather, difficult intersections, and will not carry anyone below the age of 18. Musk has said he is ready to delay the start for safety reasons, if needed. The planned launch has generated buzz among Tesla fans. "Wow. We are going to ride in driverless Teslas in just a few days. On public roads," posted Omar Qazi, who has 635,200 followers on X, writes often about Tesla using the handle @WholeMarsBlog, and received an invite. Commercializing autonomous vehicles has been risky and expensive. GM's Cruise was shut down after a fatal accident and regulators are closely watching Tesla and its rivals, Alphabet's Waymo, which runs a paid robotaxi service in several U.S. cities, and Amazon's Zoox. Tesla is also bucking the young industry's standard practice of relying on multiple technologies to read the road, using only cameras. That, Musk says, will be safe and much less expensive than lidar and radar systems added by rivals.
