Party City to close all of its stores, report says
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Party City announced it will close all its stores and has initiated corporate layoffs due to ongoing financial challenges. The company had previously filed for bankruptcy less than two years ago due to $1.7 billion in debt.
December 20, 2024 | 8:00 pm
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Party City is closing all its stores and laying off employees due to financial difficulties. The company had previously filed for bankruptcy due to $1.7 billion in debt.
The closure of all stores and layoffs indicate severe financial distress, likely leading to a negative impact on Party City's stock price. The company's previous bankruptcy filing highlights ongoing financial instability.
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