Party City files for bankruptcy to restructure piling debt

by Raphael Stevens 18 January 2023, 12:12 189 Views

Party City and some of its U.S. units have filed for Chapter 11 bankruptcy, as the retailer looks to restructure its debt and better compete for sales as consumers’ wallets get hit by inflation.

According to a filing, the company said it struck an agreement on Tuesday to reduce its debt.

This is breaking news. Please check back for updates.

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Source: Business - cnbc.com

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Party City files for bankruptcy to restructure piling debt

Argentina to buy back $1 billion in overseas debt, economy minister says

Wholesale prices fell 0.5% in December, much more than expected; retail sales fall

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