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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
RetailBankruptcy

Bankrupt Wedding Dress Chain Alfred Angelo Apologizes for ‘Inconvenience and Hardship’

Lucinda Shen
By
Lucinda Shen
Lucinda Shen
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Lucinda Shen
By
Lucinda Shen
Lucinda Shen
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July 17, 2017, 8:59 AM ET
2016 Alfred Angelo Disney Fairy Tale Weddings Bridal Collection Fashion Show Debut
NEW YORK, NY - OCTOBER 07: Models prepares backstage during 2016 Alfred Angelo Disney Fairy Tale Weddings Bridal Collection fashion show debut at New Amsterdam Theatre on October 7, 2015 in New York City. (Photo by Bryan Bedder/Getty Images for Alfred Angelo)Bryan Bedder—Getty Images for Alfred Angelo
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After leaving a trail of panicked brides in the wake of its bankruptcy filing, bridal store Alfred Angelo has finally spoken out.

In a message on its website, the company issued an apology, writing: “We apologize for the inconvenience and hardship resulting from this event. We appreciate your patience. Thank you.”

The company also called for customers wondering about the status of their orders to contact the company’s bankruptcy trustee, Margaret Smith at alfredangelo@mjstrustee.com.

That comes after Alfred Angelo filed for Chapter 7 bankruptcy last week—meaning the company sought to liquidate rather than restructure its debt. Brides who still hadn’t received their orders from the shop with more than 60 locations panicked, wondering whether they’d get their dresses in time for their wedding—or if they would get a refund at all.

In the company’s bankruptcy filing, it revealed that it had no more than $50,000 in assets, but over $50 million in debt, according to the New York Times. The company has been around since the 1930s.

Other opportunistic bridal shops have swopped in, offering special discounts to Alfred Angelo customers.

Meanwhile, others on Twitter are also reaching out to brides to volunteer their own dresses:

https://twitter.com/AllTheWayToMe/status/886810039406665732

https://twitter.com/minsd/status/886821936067526656

If you're a bride in the DMV hurt by the #AlfredAngelo closure, no time or $$ for new dress, & you're a size 8/10, DM me. I want to help.

— Eryn Michel (@ITweetInHaiku) July 17, 2017

Meanwhile, the lawyer who is representing Alfred Angelo as it seeks bankruptcy has received over 7,300 emails from brides, according to Patricia Ann Redmond in an interview with the Miami Herald.

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Lucinda Shen
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