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Bankruptcy Court in West Palm Beach.Best for Bride invites you to browse thoroughly the finest selection of different styles and colors of Alfred Angelo Bridesmaids Collection. The firm is now Alfred Angelo's largest creditor, having filed $54 million in claims with the U.S. New Spring says it is no longer an investor.Īnother major investor, Czech Asset Management of Connecticut, attempted for years to restore the company to profitability. We have a high degree of confidence in the management team and their ability to execute the company's current expansion plans." Steven Hobman, general partner at New Spring, said in a news release at the time that Alfred Angelo was "a company with a strong reputation within its industry and a strong value proposition for its consumers. The business found money for expansion initially from New Spring Capital, a Pennsylvania-based private equity firm which put $3.5 million into the company in 2008, part of a $5 million co-investment with another group. Outside investors stepped in at the start of the recession. Meanwhile, the business had store leases, employees' salaries, and manufacturing and shipping costs to pay. They were not experiencing enough growth. More retailers began selling online rather than open new brick-and-mortar stores.Īs a result, Luzinski said, the Alfred Angelo model "started to falter. real estate crisis hit in 2009-2010, knocking the company's growth strategy off-course. Michele Piccione retired in 2015, according to an article by industry magazine Vows. The founders' son, Vincent, and daughter Michele Piccione, then chief creative designer, ran the business after their parents' retirement. Edythe died in 2012 at age 91 in Palm Beach Gardens her husband predeceased her. "They don't want to give up and face reality … it's really an emotional thing."įounded in 1933 in Philadelphia by Alfred Angelo Piccione, the business was joined by his wife, fashion designer Edythe Vincent Piccione, according to a corporate history on the company's website. "They are grieving over the loss of their dresses," Presley said.
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Her theory: Many of the brides have yet to come to grips with the loss of their Alfred-Angelo-ordered dresses. Some brides who have been unable to get the dresses they ordered for weddings in coming months are equally unable to start shopping again for a new dress, said Jessika Presley, manager at Mariolka's Bridal Boutique, which operates near the closed Alfred Angelo in Boynton Beach. In a note on the company's website, she warned customers that if a dress order has not been delivered, it will "remain unfilled" because of the "logistical and financial strain." Deliveries, said the trustee, are "no longer possible." "We have been able to connect over 100 brides with their seamstresses and they are working together on finishing alterations," Redmond said last week.īut around the same time, Alfred Angelo's bankruptcy trustee, Margaret Smith, delivered devastating news. Miami bankruptcy lawyer Patricia Redmond, who represents the company, said she and others had been "working hard" to reopen stores and let people get their dresses and accessories. "I did get my dress and everything worked out perfectly, besides that whole situation," said Castro, who married Kyle Bonilla, 28, on July 22 at Lake Pavilion in West Palm Beach. She had invested a total of $1,250 in wedding attire at the store. The lucky ones included Yadira Castro, 27, who said she finally connected with the Boynton Beach store's seamstress who had her dress, a Princess Jasmine-inspired design from the Disney line that had won her heart. They desperately hoped that representatives would unlock the doors and give them access to their chosen wedding dresses. The dresses were aboard a boat from China when the company went out of business.īrides stood outside many locations, including those in Boynton Beach, Sunrise and Coral Gables. Today, a load of 10,000 dresses worth $1.2 million are locked away in a warehouse in San Diego, subject to a lien for unpaid shipping charges, lawyers say.