Party City, the nearly 40-year-old party supplies retailer, is closing all its stores by February 28, 2025. CEO Barry Litwin announced the immediate wind-down of operations, leaving thousands of employees jobless. The company, emerging from bankruptcy earlier this year, struggled with substantial debt despite previous restructuring efforts and store closures.'We've done everything possible,' Party City CEO breaks down as he announces shut down
December 21, 2024
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Party City, the nearly 40-year-old party supplies retailer, is closing all its stores by February 28, 2025. CEO Barry Litwin announced the immediate wind-down of operations, leaving thousands of employees jobless. The company, emerging from bankruptcy earlier this year, struggled with substantial debt despite previous restructuring efforts and store closures.
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