Party City Files for Bankruptcy, to Shut Down 700 Stores
The company along with certain of its subsidiaries filed for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas. In a filing with the court, Party City Holdco listed both assets and liabilities in the range of $1 billion to $10 billion and estimated to have more than 10,000 creditors.
Party City to Close Its Stores as Company Files for Bankruptcy
Party City announced that it's going to “wind down” its retail and wholesale operations as it prepares to shutter nearly 700 stores nationwide
Party City to Close All Stores by February, Company Says
In an internal letter, the company said inflation and changes in consumer spending had forced it to shut its more than 700 stores.
Retailer Party City files for bankruptcy, will wind down 700 stores
Party City, which has been struggling since the COVID-19 pandemic, filed for Chapter 11 bankruptcy protection in the United States on Saturday for the second time in two years as it plans to wind down its retail and wholesale operations.
PCHI to Commence Wind Down of Party City Stores and Wholesale Operations
Party City Holdco Inc. ("PCHI" or the "Company") today announced plans to commence a wind down of its retail and wholesale operations and going out of business sales at its approximately 700 stores nationwide after serving Party City customers for nearly 40 years as their one-stop-shop for all things celebration.
Party City closing all stores after nearly 40 years in business
Party City, which has more than a dozen locations in the Bay Area, is shutting down all its stores, marking the end of nearly four decades in business.
Party City Abruptly Shutting Down All Stores: What We Know
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 to shutter hundreds of stores across the U.S., including 10 in Minnesota
Hit by headwinds including inflationary pressures, competition from e-commerce sites, big box retailers, pop-up stores and even a helium shortage, Party City is going out of business. The closing of the nation’s largest party supply store,
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