The party is over for Party City as the retail giant announced Friday it’s going out of business and immediately closing all its stores after nearly 40 years. The party supply chain told employees in a Friday meeting that it would be their final day working for the New Jersey-based company, according to CNN. “That is without question the most difficult message that I’ve ever had to deliver,” CEO Barry Litwin reportedly said in a video conference call, telling workers they were losing their jobs five days before Christmas and would be cut loose sans severance pay or benefits. Litwin announced in August he was taking over leadership of the struggling company and its more than 700 stores during a “pivotal” period of repositioning for the business. The country’s largest party supply store declared bankruptcy at the start of 2023, which allowed the company to cancel nearly $1 billion in debt, CNN reported.
Similar Stories to Party City Immediately Closing All Stores After 38 Years In Business on Bing News
Brian Niemietz, Denver Post: Business
Fri, 12/20/2024 - 2:00pm
Topics: new jersey-based that i ve ceo barry litwin litwin august illinois party city s amazon walmart corporate cnn the friday s daily news chapter party city cnn litwin red lobster big lots september stores years business immediately closing company announced bankruptcy struggling period told employees chain supply meeting reportedly
BING NEWS:
- Party City to close all stores after 40 years in business
Party City has 11 metro Orlando locations spanning Orange, Osceola, Seminole, Lake, Brevard and Volusia counties. The company’s stores will shutter Feb. 1, 2025, according to CNN.
12/20/2024 - 11:51 am | View Link - Party City is going out of business, closing all stores. How many does Ohio have?
Party city is closing down all of its stores and going out of business. Here's what we know so far, including a list of Ohio locations.
12/20/2024 - 10:32 am | View Link - Party City to Shut Down All of Its Stores After Nearly 40 Years: 'We’ve Done Everything Possible,' Says CEO
Party City will shut down all of its store after 40 years of business. According to a CNN report, CEO Barry Litwin told his employees that operations would be "winding down" immediately and that their ...
12/20/2024 - 8:26 am | View Link - Party City closing all of its stores, going out of business effective immediately
After nearly 40 years in operation, Party City is going out of business, with all stores closing CEO Barry Litwin told its corporate employees Friday that Party City is “winding down” operations ...
12/20/2024 - 7:59 am | View Link - Party City closing all stores after nearly 40 years in business
Party City, which has more than a dozen locations in the Bay Area, is shutting down all its stores, marking the end of nearly four decades in business.
12/20/2024 - 7:40 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more