Is Party City Going Out Business 2024?

About Party City

Party City is an American retail chain of party stores.  It is a publicaly traded company founded in 1986.

About Party City

Party City Holco Inc. was founded by Steve Mendall. The company soon became the largest retailer of party goods in the U.S, Canada and Mexico.

Net Worth Of Party City

2023: $42.4 million 2022: $41.41 million 2021: $0.62 billion 2020: $0.68 billion 2019: $0.22 billion

What Happened To Party City?

As the pandemic hit many people canceled in-party celebrations, gathering and events which impacted the sales of Party City.

What Happened To Party City?

According to the company, the disruptions in the supply chain due to the pandemic and store closures limited the company's ability to grow.

Financial Position Of Party City In 2022

Revenue: $502.9 M Gross Profit: $158.45 M Income: $-18.26 M

Is Party City Going Out Of Business?

It is true that Party City has filed for bankruptcy Chapter 11 protection. However, it exited the bankruptcy and is all set for its new future.