The party may be winding down. PartyCity is planning to file for its second bankruptcy in nearly two years as the company’s sales figures continue to struggle, according to a report.
PartyCity had cut almost $1 billion in debt and slimmed down to about 800 stores nationwide when it exited its first bankruptcy in October 2023. But it wasn’t enough.
Dec 21 (Reuters) - PartyCity, 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 ...