Party City to close its stores as company files for bankruptcy

Russia's Putin holds talks with Slovakian PM Fico, in a rare visit to Moscow by an EU leaderThe Afternoon WireShutdown saga exposes new fault lines for Speaker Johnson and tests his grip on the gavelCollege playoffs looks for good matchups after snoozy first round of blowoutsNASA's Parker Solar Probe aims to fly closer to the sun like never beforeFACT FOCUS: Inspector general’s Jan.

Party City announced Saturday that it would start a “wind down” of its retail and wholesale operations as it prepares to shutter nearly 700 stores nationwide. The company has also filed for Chapter 11 bankruptcy protection for the second time in less than two years “to maximize value for the benefit of the company’s stakeholders.”

Party City filed for Chapter 11 bankruptcy protection in January 2023. That move allowed for a restructuring that eliminated nearly $1 billion in debt. But “macroeconomic headwinds more recently proved too severe” to overcome, the company said.Retail sales rose at healthy pace last month in latest sign of US economy’s health

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Party is over for 'Party City' which is reportedly going out of businessThe party is over at Party City, according to CNN, which reported on Friday that the party supplies retailer plans to shutter its more than 700 stores nationwide at the end of February. More than a dozen of the company's stores are located in the Bay Area.
Herkunft: KTVU - 🏆 465. / 53 Weiterlesen »