New Amscan PC LLC emerged as the tentative winner for most of Party City’s intellectual property and related wholesale assets.

Party City's intellectual property (IP) and wholesale operations have been sold to an affiliate of consumer product conglomerate Ad Populum.

Party City has announced plans to permanently close 21 stores this year, the latest in a string of longtime retailers to shutter brick-and-mortar locations. The company said in its statement it is ...