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Party City Holdco Inc. [2] is an American chain of party stores founded in 1986 by Steve Mandell in East Hanover, New Jersey. The company's headquarters are in ...
Party City first filed for Chapter 11 bankruptcy in January 2023, wiping out nearly $1 billion in debt in an effort to stay afloat. By August, Barry Litwin stepped in as CEO to steer the company ...
Party City’s debt load from the LBO was $2.2 billion, an amount roughly on par with its annual revenue—and an enormous amount for such a modestly sized chain. “You can’t outrun debt ...
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 ...
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Party City did not respond to a request for comment when reached by CBS News New York Friday. 2024 has been a rough year for U.S. retailers. There were more than 7,100 store closures through the ...
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