Published 1 year ago

Party City files for Chapter 11 bankruptcy protection

Summary by KPRC-TV

Party City Holdco Inc (PRTY.N) filed for Chapter 11 bankruptcy protection on Tuesday, making it the latest casualty in the U.S. retail industry as persistently high inflation takes a toll on consumer spending.

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Reuters

Party City files for Chapter 11 bankruptcy protection

Party City Holdco Inc filed for Chapter 11 bankruptcy protection on Tuesday, becoming the latest casualty among U.S. retailers in the aftermath of the pandemic, as it struggled with low demand and increased competition from online buying.

1 year ago·United Kingdom

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USA Today

Party City files for bankruptcy as part of $150 million agreement to restructure business

Party City's bankruptcy filing was brought about by the pandemic and a global supply chain crisis, CEO Brad Weston said Wednesday.

1 year ago·United States

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CNN

America's largest party supply store files for bankruptcy

Party City filed for bankruptcy protection Tuesday, weighed down by competition and years of financial losses.

1 year ago·Atlanta, United States

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The Washington Post

Party city files bankruptcy after pandemic recovery falters

Party City is seeking bankruptcy protection, a final blow for the retailer that struggled to rebound after sales plummeted during the pandemic.

1 year ago

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KRDO

America's largest party supply store files for bankruptcy

By Nathaniel Meyersohn, CNN (CNN) -- Party City filed for bankruptcy protection Tuesday, weighed down by competition and years of financial losses. The largest party goods and Halloween specialty retail chain in the United States said in a regulatory filing that it reached an agreement with debtholders to cut its $1.7 billion debt load. The company said

1 year ago·Colorado Springs, United States

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KIFI

Party City, amid rising prices, seeks bankruptcy protection

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Party City is filing for Chapter 11 bankruptcy protection after struggling with rising prices and a pullback in customer spending. The company, which operates more than 800 company-owned and franchise stores throughout North America, has faced increased competition from Walmart and Target. That pressure has intensified in an era of rising prices, including for helium used in party balloons, a…

1 year ago·Idaho Falls, United States

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