Published on 27 Dec 2024 on Benzinga
Deal Dispatch: Party City Wraps Up, Big Lots Goes Bust, The Container Store...
Party City Holdco Inc., the one-stop-shop for all things celebration, is calling it a wrap. The company’s 700 stores are holding going-out-of-business sales.
This is the second time Party City filed for Chapter 11 bankruptcy protection in two years. In 2023, a restructuring process eliminated almost $1 billion in debt — not enough to keep the party going.