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Party City Fired Everyone Without Severance Right Before Christmas

Summary by Vice
Party City is immediately shutting down all of its stores and letting go of all its employees after nearly 40 years in business, announced CEO Barry Litwin. He blamed the company’s struggles on inflation, rising costs, and a shift in consumer behavior. And he’s correct on that. But he’s not giving you the full story. Party City’s demise is just another in a long line of vulture capitalist moves from private equity firms whose whole business mode…
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