Part 8/10:
By late 2024, as whispers of another bankruptcy reemerged, Party City officially declared its second bankruptcy on December 21, 2024. This time, the company made the heart-wrenching decision to shut down all operations, closing approximately 700 locations and laying off around 12,000 employees. A once-beloved retail store, the final act marked a disheartening end to a nearly 40-year legacy in party supplies.