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 last day of employment is Friday,

Party City, known for its party supplies and seasonal Halloween City popup stores, has filed for bankruptcy and is going out of business.

Why is Party City closing? After initially filing in January 2023, the company exited bankruptcy a month after new CEO Barry Litwin's arrival, now about four months ago, CNN repor

Party City, which operates more than a dozen locations in Greater Philadelphia and over 850 outposts across the country, is closing all of its stores. Friday was the last day of work for corporate employees, the retail chain's CEO, Barry Litwin, told them in a videoconference call watched by a CNN reporter, which first reported the news.

INDIANAPOLIS (WISH) — Party City is closing all of its stores nationwide after 40 years in business. This includes all locations in Indiana. According to CNN, CEO Barry Litwin told corporate employees Friday in a meeting viewed by CNN that Party City is “winding down” operations immediately and that today will be their last day of employment.

The announcement was made to corporate employees Friday, who were told it was also their last day of work, according to CNN.

Party City is officially shutting down operations, with corporate staff employment ending immediately and store closures planned for early next year, according to an announcement from CEO Barry Litwin.

Party City Holdco Inc. (NYSE: PRTY) declared bankruptcy in January 2023, at the time saying it had plans to complete its restructuring in the second quarter of 2023. In the main P