Party City 2025 News Article

Party City 2025 News Article. Filed for chapter 11 bankruptcy protection in a bid to restructure its heavy debt load after supply chain problems, rising inflation and a consumer. Employees blindsided by sudden layoffs, no severance, and february 2025 store closures.

More than a year after exiting bankruptcy, party supply retailer party city told cnn on friday, dec. Party city ceo barry litwin says the company did “everything possible” to avoid shutting the business down after almost 40 years in operation.