David's Bridal is planning to spin off its artificial intelligence platform, Pearl, into a stand-alone publicly traded company targeting a valuation of roughly $350 million, CNBC learned exclusively. The company expects the deal to close in the first half of 2027. David's Bridal filed a nonbinding letter of intent on Thursday to separate out Pearl. The AI-centered business would own David's Bridal's intellectual property and look to build on its growing AI model, while the original company would try to strengthen its physical retail business.
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.