Party City Files for Chapter 11 Bankruptcy Amid Mass Layoff...

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2024-12-22 18:42:59

Party City Files for Chapter 11 Bankruptcy Amid Mass Layoff Announcement

Party City, the popular retailer for party supplies and seasonal decorations, has filed for Chapter 11 bankruptcy. The filing comes just a day after the company announced mass layoffs, signaling ongoing financial struggles. The move marks a significant chapter in the company’s efforts to address mounting debt and declining sales amid a challenging retail landscape. Party City filed for...

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