Reported 15 days ago
Party City Holdco Inc. is reportedly planning to file for bankruptcy again, nearly two years after its first filing, as the company struggles with cash flow and overdue rent payments at various locations. The retailer, based in New Jersey, previously entered Chapter 11 bankruptcy in January 2023 and had reached a plan to exit by canceling about $1 billion in debt. The latest bankruptcy consideration comes as many troubled retailers often seek protection after the holiday season.
Source: YAHOO