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the outlet reported. “Unfortunately, it’s necessary to commence a winddown process immediately,” Litwin reportedly said. Bloomberg reported earlier this month that Party City was exploring a ...

CNN reported Party City CEO Barry Litwin told corporate employees during a meeting Friday that the company is "winding down" operations, adding that their last day of employment would be Dec. 20.

which was viewed by the outlet. Litwin went on to explain that Party City’s “very best efforts have not been enough to overcome” its financial challenges. He also pointed out that the ...