Party City is closing down all stores in the U.S. after nearly 40 years in the party-planning business.
CEO Barry Litwin held a meeting early Friday to announce the business will be “winding down” immediately and will close its 800 stores across the country, CNN reports. Today is thethe staff’s last day of employment. The company won’t give out severance pay and benefits will end as the company closes, Litwin said.
