Party City ends nearly 40 years of fun: report [Yahoo! Finance]
Amazon.com, Inc. (AMZN)
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Source: Yahoo! Finance
Every party ends the same way: unassumingly, a little later (or earlier) than you thought it would and yet simultaneously all of a sudden. For Party City, it was no different. The largest party supply company is closing all of its stores after almost 40 years of being in business, CNN reported, with operations shutting down immediately and all locations closing in February. In a video conference call on Friday, Party City CEO Barry Litwin told corporate employees that today would be their last day of employment, apologizing for a lack of communication. A Party City employee who wished to remain anonymous told CNN that management had previously expressed optimism about the company's business. Party City, which declared bankruptcy in January of 2023, announced Litwin as its new CEO four months ago. The company exited bankruptcy a month later, though still with more than $800 million in debt to repay. The company's previous debt of $1.7 billion was likely why it closed more than
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News
- The Best Place To Buy A Mattress And Invest In Better Rest [Forbes]Forbes
- The Ultimate Growth Stock to Buy With $1,000 Right Now [Yahoo! Finance]Yahoo! Finance
- Trump, Bezos sat down for dinner earlier this week [FOX Business Network]FOX Business Network
- Here's how the Amazon delivery drivers strike will impact holiday deliveries, according to experts [Fortune]Fortune
- Party City is going out of business [CNN]CNN
AMZN
Earnings
- 10/31/24 - Beat
AMZN
Sec Filings
- 12/11/24 - Form 4
- 12/9/24 - Form 144
- 12/6/24 - Form 4
- AMZN's page on the SEC website