Alfred Angelo Bridal Signature Stores has shuttered all retail doors and filed to liquidate through a Chapter 7 process.
The 84-year-old retailer filed its petition Friday in a Florida bankruptcy court after closing all doors Thursday. Established in 1933 by Alfred Angelo Piccione and Edythe Vincent Piccione, the company is based in Delray Beach, Fla. In addition to its own stores and its online site, the company sells bridal gowns worldwide in the wholesale channel.
The Chapter 7 petition was filed under the name Alfred Angelo — The Brides Studio No. 3 Inc. There were 18 affiliates who also filed Chapter 7 petitions.
While Alfred Angelo estimated assets of up to $50,000 and estimated liabilities at between $50 million to $100 million, its affiliates AA Florida Bridal Retail Co. LLC, Hacienda Brides and BridesMart each estimated assets at between $1 million to $10 million, with liabilities between $50 million and $100 million.
The company’s web site said its gowns and dresses are sold at more than 800 stores. Stores listed on the site that carried its products are mostly bridal boutiques. There are also some Alfred Angelo stores in the Caribbean, Mexico, Central America, South America and Hong Kong.
The site still touts the company’s ability to deliver dresses and gowns in four weeks through Angelo Express, and that in-store bridal gowns are now between $99 and $950, or between 50 and 80 percent off original prices that ranged from $495 to $2,200.
There was no indication on the site that the company was planning to liquidate the business, nor anything on what brides-to-be should do if their dresses are on order.