Too on the nose. We already know the party's over. www.cnn.com/2024/12/20/b... - ThreadSky

helenkennedy.bsky.social • 72 days ago

Too on the nose. We already know the party's over.

https://www.cnn.com/2024/12/20/business/party-city-shut-down/index.html

Comments

gpatrick.bsky.social•72 days ago

We're all bracing for four years of the fun police.

spikes23.bsky.social•72 days ago

😂

itsajack.bsky.social•72 days ago

Looks like more Spirit Halloween locations to be opened next year.

quandary75.bsky.social•72 days ago

is t he party over?

celticdragon1.bsky.social•72 days ago

The chain specifically was overpriced on stuff you could generally source at Dollar Tree, Home Goods (for seasonal decor) and Target.

celticdragon1.bsky.social•72 days ago

Huh. So a PE firm bought them years ago and forced the price hikes to pay for the leveraged buyout.

Of course

rudell.bsky.social•72 days ago

Every time you read about a business closing, search for “business name + private equity”

Party City never recovered from the bankruptcy it went through in 2023 after private equity firms bought it and squeezed it dry.

It’s pretty much always private equity, even if @cnn.com doesn’t mention it.