After emerging from Chapter 11 bankruptcy last April, the crafts and fabric supplier Joann has filed for bankruptcy again ...

And in recent meetings with new CEO Barry Litwin, who took over in August 2024, the company never let on that it might be close to shutting down for good, employees in attendance told CNN.

When Party City CEO Barry Litwin notified corporate employees in a Dec. 20 video conference call that the company was closing all of its stores, and that it was their final day of employment ...

On Dec. 20 in an online meeting reported by CNN, CEO Barry Litwin told corporate employees the company was “winding down” and ending corporate employment. The business previously filed for ...

The New Jersey-based company faced inflationary pressures on product costs, which reduced consumer spending, according to CEO Barry Litwin, as well as $800 million in outstanding debt. The ...

Party City completed that reorganization in September 2023, eliminating nearly $1 billion in debt, and nearly a year later brought on Barry Litwin as president and CEO. Trending: South Florida ...

After longtime party supplies store Party City announced last month that all stores would close as the retailer goes out of business, sales on each store’s entire inventory are underway ahead of store ...