Party City exited bankruptcy a month after Litwin’s arrival. It had declared bankruptcy in January 2023. The company had struggled to pay off its $1.7 billion debt load, and it was able to ...

Party City is going out of business. The party supply chain, which has several locations in Massachusetts, told employees on Friday that it was shutting down. According to CNN, CEO Barry Litwin ...

A shopper exits a Party City store in New York on Nov. 7, 2018. Party City is reportedly closing all of its stores across the U.S., but the chain's Canadian stores will continue to operate.

Canada Party City closing in U.S., Canadian stores remain ‘open for business’ By Ryan White Published: December 20, 2024 at 6:10PM EST ...

The Party City company has announced it will be closing its stores in the United States permanently, but Canadian locations remain open. On Dec. 21, Party City Holdco Inc. announced plans to wind down ...

Party City to close all stores in the U.S. but Canadian locations to remain open In Canada, the brand is owned by Canadian Tire who said the stores are operational. Updated Dec. 20, 2024 at 8:59 p.m.

Five Below will replace Party City on McHenry Avenue in Modesto, Calif. Photographed on July 21, 2025. Modesto will get a second Five Below store. It will open on McHenry Avenue.

Party City's financial woes began with a Chapter 11 bankruptcy filing in January 2023. Despite shedding nearly a billion dollars in debt, the company still faced over $800 million in liabilities ...