Major retailer exits bankruptcy less than a year after being forced to close all of US stores – but dozens won’t reopen ...Middle East

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Major retailer exits bankruptcy less than a year after being forced to close all of US stores – but dozens won’t reopen
PARTY City has risen from the dead just in time for Halloween. The go-to store for festive costumes, party goods, and decorations for celebrations said in a filing late Thursday that the company is no longer in bankruptcy. GettyThe company filed for Chapter 11 in January after struggling with low sales, a liquidity crunch, and supply issues[/caption] GettyThe company cut almost $1 billion in debt by undergoing a massive restructuring[/caption] The celebrations goods store said that it had “completed its restructuring process and emerged from Chapter 11 financially stronger and well positioned for the future,” in a statement shared with The U.S. Sun. “We are thrilled to celebra

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