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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.
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 ...
Party City, once among the top names in party-supply retailers, is going out of business, according to an announcement from CEO Barry Litwin that was viewed by CNN.
Party City Holdco Inc. [2] is an American chain of party stores founded in 1986 by Steve Mandell in East Hanover, New Jersey. The company's headquarters are in ...
Interior of a party store. Specialist stores selling supplies for parties began developing in the late 1970s in the United States and rapidly expanded into the 1990s. [1] They can offer a wide variety of products, and will often stock seasonal items for holidays—such as Christmas or New Year. [2] Commonly stocked merchandise may include: [3] [4]
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