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Party City first filed for Chapter 11 bankruptcy in January 2023, wiping out nearly $1 billion in debt in an effort to stay afloat. By August, Barry Litwin stepped in as CEO to steer the company ...
By the end of 1990, Party City outlets numbered 11; five more franchised stores were added in 1991, 16 in 1992, and another 26 in 1993, bringing the total to 58. Party City was now a nationwide chain with store locations ranging from Hawaii to Puerto Rico. The company's annual revenues in 1993 topped $2.4 million and net profits approached ...
Party City Holdings, Inc., had previously filed for bankruptcy in early January 2023, but emerged from Chapter 11 in September of that year after plans to reorganize were approved by the U.S ...
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Party City to close after 40 years, citing financial woes. Employees blindsided by sudden layoffs, no severance, and February 2025 store closures.
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