Party City going out of business after 40 years
Party City CEO Barry Litman said it was 'necessary to commence a wind down process immediately'
By News on the Net -- Fox Business—— Bio and Archives--December 21, 2024
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Party City is permanently shutting down.
CEO Barry Litwin said it was "necessary to commence a wind down process immediately" for the party supplies retailer, CNN reported Friday, citing comments from a Party City conference call with its corporate workers.
While speaking Friday with Party City staff, Litwin
reportedly said Party City’s "very best efforts have not been enough to
overcome" the issues it has been facing and that the company has "done
everything possible that we could to try to avoid this outcome." ---More...
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