The party is coming to an end at Party City . The retailer, which emerged from a previous bankruptcy last year, has again filed for Chapter 11 bankruptcy.
The New Jersey-based company filed early Saturday in U.S. Bankruptcy Court for the Southern District of Texas. In the filing, Party City Holdings Inc. will “implement an orderly wind down of its business and liquidation of its assets.”
The company will put its assets up for bidding or, if there’s no sale, “initiate store closing sales to liquidate all of the Party City Group Companies’ retail and wholesale inventory and locations,” according to the filing…