Party City Goes Out of Business After Nearly 40 Years
On Friday, store staff received letters stating that all stores will officially close by Feb. 28, 2025. Until then, Party City’s roughly 700 locations will remain open for “going out of business” sales while supplies last. The company added that about 95% of its 12,000 employees will remain on staff through the closure period.
Is Party City store in Louisville closing? Company files for Chapter 11 bankruptcy
Party City, which operated about 750 stores, had filed for Chapter 11 bankruptcy in January 2023 and emerged from the process in October 2023 with $1 billion less in debt. It also named a new CEO, Barry Litwin, who joined the company in August 2024.
Party City is closing down all of its stores, ending nearly 40 years in business, CNN has learned. CEO Barry Litwin told ...
Party City's CEO announced at a meeting Friday it is shutting down all stores, a day after Big Lots announced closing sales.
Party City stores to close after years of financial challenges. Explore CEO Barry Litwin's announcement, employee reactions, and the competition's impact on small chains.
East Idaho News on MSN2d
Party City files for bankruptcyParty City filed for bankruptcy Saturday for the second time in less than two years. The filing comes after the retailer told ...
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