All Brands Owned by Party City Holdco, Inc.

Is Party City still in business?
No, Party City is no longer operating. The company filed for Chapter 11 bankruptcy in December 2024, announced the liquidation of all approximately 700 stores, and the Joint Chapter 11 Plan of Liquidation was confirmed by the Bankruptcy Court on August 27, 2025. The Effective Date occurred on September 22, 2025. The company has been wound down and is no longer an operating business.

Is Party City Holdco, Inc. publicly traded?
Party City was previously publicly traded on NASDAQ under the ticker symbol PRTY. The stock has been delisted following the company's liquidation. All existing shareholder interests in PCHI were canceled, released, and extinguished under the Plan of Liquidation. Holders of interests in PCHI are not entitled to any recovery or distribution.

Who founded Party City?
Party City was founded in 1986 by Steve Mandell in East Hanover, New Jersey, with an initial investment of $125,000. The first store occupied 4,000 square feet and focused on comprehensive party supplies and seasonal merchandise.

Why did Party City go out of business?
Party City went out of business due to a combination of factors including inflation, declining consumer discretionary spending, intense e-commerce competition from Amazon and other online retailers, shifting consumer preferences away from brick-and-mortar retail, and contracting margins. Despite emerging from its first bankruptcy in October 2023 with nearly $1 billion in debt eliminated, the company could not overcome these challenges. Comparative store sales fell 9.5% and consumer products division sales declined 24.8% in the 14 months between the first and second bankruptcy filings.

How many Party City stores closed?
All approximately 700 Party City stores were closed as part of the liquidation. Going-out-of-business sales commenced in December 2024. The company hired Gordon Brothers to assist in the liquidation process.

What happened to Party City employees?
CEO Barry Litwin informed corporate employees on December 20, 2024, that it would be their last day of employment, that they would not receive severance pay, and that their benefits would end. Store-level employees (more than 95% of approximately 12,000) were retained temporarily to assist with the wind-down process. All employees were ultimately let go as stores closed.

What was Amscan?
Amscan was Party City's manufacturing and distribution subsidiary, designing, manufacturing, and distributing celebration products including balloons, decorations, and party supplies. Amscan provided vertical integration capabilities and served both Party City stores and external retailers. The company exited its manufacturing business after its first bankruptcy in 2023. Amscan filed for Chapter 11 alongside the parent company in December 2024.

What is the Liquidating Trust?
A Liquidating Trust was established under the Joint Chapter 11 Plan of Liquidation to administer remaining assets, resolve claims, and distribute any remaining value to creditors according to the priority established in the Plan. Administrative claims must be filed within 30 days of the Effective Date (September 22, 2025).