Inactive Instrument

Party City Holdco Inc.

PRTY

US7021491052

Party City files for Chapter 11 bankruptcy protection

January 18, 2023 at 03:51 am

(Reuters) - Party City Holdco Inc filed for Chapter 11 bankruptcy protection on Tuesday, casting doubts on the retailer's future, as it grapples with dampening sales due to inflation and higher operating costs.

The Rockaway, New Jersey-based company said it had obtained $150 million in debtor-in-possession financing.

(Reporting by Granth Vanaik and Jyoti Narayan in Bengaluru; Editing by Maju Samuel)

Latest news about Party City Holdco Inc.

Party City Holdco Inc. Reports Earnings Results for the Full Year Ended December 31, 2022	03-28	CI
Final DIP Financing Approved for Party City Holdco Inc.	03-03	CI
Party City Holdco Inc. Announces CFO Changes	11-21	CI
Party City Holdco Inc. Announces Executive Changes	11-21	CI
Party City Holdco Inc. Announces Management Changes	11-03	CI
Party City Holdco Inc. Announces Executive Changes	11-03	CI
North American Morning Briefing : Stock Futures Point Lower Ahead of Big Bank Earnings	13/10/23	DJ
Party City Holdco Inc. Announces Board Changes	12/10/23	CI
Party City Holdco Inc. Announces Executive Changes	12/10/23	CI
Party City Holdco Inc. Emerged from Bankruptcy	12/10/23	CI
Party City Holdco Inc. and Party City Holdings Inc. Announce Resignation of Denise Kulikowsky as Executive Vice-President, Chief People and Administrative Officer, Effective on October 20, 2023	08/09/23	CI
Party City set to exit bankruptcy with $1 billion debt reduction	06/09/23	RE
Party City receives court approval for bankruptcy plan	06/09/23	RE
Fourth Amended Joint Reorganization Plan & Disclosure Statement Approved for Party City Holdco Inc.	06/09/23	CI
Fourth Amended Joint Reorganization Plan & Disclosure Statement Filed by Party City Holdco Inc.	31/08/23	CI
North American Morning Briefing : Investors Await -2-	07/08/23	DJ
Party City Holdco Inc. Announces Chief Financial Officer Changes	04/08/23	CI
Party City Holdco Inc. Announces the Resignation of Todd Vogensen as Executive Vice-President, Effective August 20, 2023	04/08/23	CI
Party City, Creditors in talks to spin off balloon business	04/08/23	RE
Bankruptcy filings surge in first half of 2023 in US - Epiq	03/07/23	RE
Factbox-U.S. corporate bankruptcies at highest level since 2010	09/05/23	RE
Storm clouds gather over highly indebted companies, Moody's says	19/04/23	RE
North American Morning Briefing : Subdued Open -2-	17/04/23	DJ
North American Morning Briefing : Focus Turns to -3-	10/04/23	DJ
North American Morning Briefing : Stock Futures -3-	03/04/23	DJ

Chart Party City Holdco Inc.

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Company Profile

Party City Holdco Inc. is a party goods company. The Company design, manufacture, source and distribute party goods, including paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts, and stationery throughout the world. It operates through two segments: retail and wholesale. Its retail segment is engaged in selling of its party supplies, which are sold under the Amscan, Anagram and Costumes USA brand names, through its Party City stores, Halloween City stores and PartyCity.com. Its wholesale segment is engaged in selling of decorated party goods for all occasions. products are sold at wholesale to party superstores (including franchise stores), other party goods retailers, mass merchants, independent card and gift stores, dollar stores and e-commerce merchandisers. Its retail operations include approximately 830 specialty retail party supply stores, including franchise stores. It also offers seasonal products for holidays.

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