Some 40 years after their inception, Party City is shuttering all of its stores.
The Lowdown
According to CNN, party’s over for Party City. On Friday, in an email reportedly seen by the network confirmed the mass closures that are coming.
CNN notes that today was marked as the final day of employment for those with the company. Employees will not receive severance pay and benefits will cease as the company goes out of business.
CEO Barry Litwin ultimately found that their best efforts to overcome financial difficulties weren’t enough.
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