Why is Party City closing? After initially filing in January 2023, the company exited bankruptcy a month after new CEO Barry Litwin's arrival, now about four months ago, CNN repor

Party City is going out of business and closing all of its stores. Party City has been in business for close to 40 years since first opening in 1986. Currently, there are more than 700 Party City locations in the U.

The chain is the largest party supply store in the United States and recently exited bankruptcy in September 2023. That plan included the canceling of nea