SELYUKH: That’s Steve Mandell who, in 1986, launched Party City with a single store in New Jersey. MANDELL: I never, never expected Halloween to be anything like it. SELYUKH: And his original idea was ...

Party City first filed for bankruptcy in January 2023, hoping to rein in its $1.7 billion in debt. A few months later it re-emerged, only to end up back in bankruptcy. By December 2024, it was ...

So, with Party City closing stores, some shoppers may wonder about their best options for finding balloons, plates, and other party favors at a good price. No need to worry, though, party planners.

SELYUKH: Steve Mandell opened the first Party City in New Jersey in 1986 - at first just napkins and cups and other supplies for get-togethers, but costumes became the cash cow.

Several Party City franchisees say they plan to stick around and keep a few stores running, including in Hawaii and Virginia. Corporate representatives did not respond to NPR's inquiries.

Party City is closing down all of its stores, ending nearly 40 years in business, CNN has learned. CEO Barry Litwin told corporate employees Friday in a meeting viewed by CNN that Party City is ...

Party City made the announcement on Dec. 20 in a meeting with corporate staff, informing them that Friday is their final day of employment. Skip to Article. Set weather. Back To Main Menu Close.

Party City, which operated about 750 stores, had filed for Chapter 11 bankruptcy in January 2023 and emerged from the process in October 2023 with $1 billion less in debt.

What came first: America's obsession with Halloween or Party City? Steve Mandell launched Party City in 1986 as a single store in New Jersey. He sold cups, napkins and other supplies for birthday ...