Cion Investment, a manager of alternative investment solutions, completed the acquisition of David’s Bridal, a clothier in the United States that specializes in wedding dresses, prom gowns, and other formal wear. Financial terms were not disclosed. "Today's announcement marks the beginning of David's next era, and with Cion's partnership fully solidified, we are excited to continue to serve brides and customers well into the future. We believe that the results of our competitive sale process represent the best outcome for our stakeholders, as it provides us with the time and resources to drive forward in implementing our strategic vision. I would like to thank our valued employees, who we call Dream Makers, for their extraordinary devotion to creating magical moments for our customers. In our 70-year history, we have dressed more than 70m customers for the best and most memorable moments of their lives, and we expect to be dressing millions more for decades to come,” Jim Marcum, David’s Bridal CEO.