HomeEconomyParty City Plans to File for Bankruptcy in Weeks - WSJ Economy Party City Plans to File for Bankruptcy in Weeks – WSJ By hossam a January 7, 2023 0 115 views Share FacebookTwitterPinterestWhatsApp BBBY -.% Add to Watchlist /remove from watchlist Add to watch list Add location Front side added successfully: Please name your portfolio Types of: purchase Sell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: 1:10 1: 10 1: 10 1: 18 1: 25 Committee: Create New Watchlist Create 6389 Create a new holding portfolio Add Create1000 + add another position to close 400 PRTY -.% 100 Add to/from Watchlist Delete from Add to watch list Add location Location successfully added to: Please name your portfolio Types of: purchaseSell date: quantity: price point value: Leverage: 1:1 1: (Reuters) – Party City Holdings Inc (NYSE: 400PRTY) The company is getting ready in a few weeks China filed for bankruptcy as its dwindling cash and inflation dampened sales, the Wall Street Journal reported Friday, citing people familiar with the matter. The company’s stock price fell by about % arrive cents in afternoon trading. party supply retailer with a market capitalization of approximately $ Sales were weak as persistently high inflation affected demand for its products. The company is discussing debt-for-equity swaps with its bondholders and reports that it will reduce its balance sheet. report further added that Party City has hired AlixPartners LLP as a restructuring advisor. Party City and AlixPartners did not immediately respond to Reuters requests for comment. request for comment. Respectively, 20025 Bed Bath & Beyond Inc (NASDAQ: 400BBBY) is also preparing to seek bankruptcy protection in the coming weeks, sources familiar with the matter said. It had previously had poor sales and an inability to compete with big online and big box retailers, it told Reuters on Thursday. 52 Share FacebookTwitterPinterestWhatsApp Previous articleFlashback: USB-C, one cable to rule it allNext articleCome across ten Best $1 casinos canada App Team In the Mr Gamble hossam a RELATED ARTICLES Economy Argentina monthly inflation set to spike to 12% as Milei era begins December 11, 2023 Economy Goldman Sachs lifts benchmark European share index’s 12-month target to 500 December 11, 2023 Economy Fed meeting in focus, Cigna ends Humana pursuit – what’s moving markets December 11, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS Anna Lambe to Star in Untitled Netflix/CBC Arctic-Set Comedy December 11, 2023 Seven Lessons From the New Golden Globe Awards Voters’ First Nominations December 11, 2023 Samsung US starts week-long sales with Galaxy Z Fold5 and Galaxy S23 FE discounts December 11, 2023 Bitcoin $42,000 Support Under Pressure As Short Position Inflows Soar December 11, 2023 Load more Featured NEWS Bank of Japan checks exchange rate apparently in preparation for currency intervention September 14, 2022 Will Judge get this huge honor from the Yankees? December 15, 2022 Bleach: Thousand-Year Blood War Season 2 ‒ Episode 21 August 27, 2023 Za'Darius Smith targets first career sacking of Aaron Rodgers September 6, 2022 Load more
