Party City to shut down in U.S., but Canadian stores unaffected

Get together Metropolis is reportedly closing all of its shops throughout the U.S. — however the celebration provides chain’s Canadian shops will proceed to function.

CNN first reported that Get together Metropolis would shut down its companies within the U.S. and that firm CEO Barry Litwin knowledgeable staff the model can be “winding down” its operations instantly, with Friday marking their last day of employment.

In Canada, the model is owned by Canadian Tire, which says its areas aren’t going anyplace.

“The operations of Get together Metropolis in Canada are solely separate from Get together Metropolis Holdco within the U.S.,” a Canadian Tire spokesperson informed CBC Information in an e-mail.

“Get together Metropolis Canada stays open for enterprise on-line and in retailer, and can proceed to offer Canadians with every thing they should rejoice all their life moments.”

Get together Metropolis’s U.S. enterprise first exited chapter simply over a yr in the past. Below its insolvency plan, the corporate saved most of its 800 shops working, cancelled practically $1 billion US in debt, and was delisted from the New York Inventory Change.