Party City going out of business
Party City, once among the top names in party-supply retailers, is going out of business, according to an announcement from CEO Barry Litwin.
Litwin, during a conference call with employees, broke the news Friday, the outlet reported. “Unfortunately, it’s necessary to commence a winddown process immediately,” Litwin reportedly said. Party City, founded in 1986, has over 700 locations in North America as of August 2024.
KTLA's Sandra Mitchell reports on Dec. 20, 2024.
Details: https://ktla.com/news/party-city-going-out-of-business-starting-process-immediately-report/