Consumer
Party City Mulls Second Bankruptcy in Two Years as Sales Lag
- The retailer exited prior Chapter 11 in September 2023
- Debt remaining on balance sheet has dragged down profits
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Party City Holdco Inc. is considering options including a sale or another potential bankruptcy, just over a year after it emerged from Chapter 11, according to people with knowledge of the matter.
The New Jersey-based retailer, which sells balloons and other party supplies, is behind on rent at some locations and running out of cash, said the people, who asked not to be identified discussing a private matter.