David's Bridal plans to spin off AI platform Pearl into publicly traded company

What happened: David's Bridal told CNBC exclusively that it plans to spin off its AI platform, Pearl, into a stand-alone publicly traded company. Why it matters: The move would separate Pearl from the bridal retailer and give the AI platform its own public listing, per the company's statement to CNBC.

David's Bridal told CNBC exclusively that it plans to spin off its AI platform, Pearl, into a stand-alone publicly traded company.

The move would separate Pearl from the bridal retailer and give the AI platform its own public listing, per the company's statement to CNBC.