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Market
Will a major competitor acquire more than 50% of Party City's store leases by the end of 2025?
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Party City•Colorado•Arkansas•Massachusetts•Michigan•Nevada•Illinois•California•South Carolina•New York•Wisconsin•Georgia•Maryland
Resolution / Starting Odds
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Official announcements or press releases from the acquiring company or Party City
Story
Party City to Auction Nearly 700 Store Leases Amid Chapter 11 Bankruptcy, Plans to Shut Down by Feb 28
Jan 3, 2025, 05:26 PM
Party City, a 40-year-old retailer, has filed for Chapter 11 bankruptcy and plans to auction off nearly 700 store leases next month. The auction includes locations across various states such as Colorado, Arkansas, Massachusetts, Michigan, Nevada, Illinois, California, South Carolina, New York, Wisconsin, Georgia, and Maryland. This move comes as part of the company's strategy to manage its financial difficulties, which have led to the decision to shut down all its stores by February 28.
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