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Party City Going Out Of Business, Closing All 800 Stores, Including 11 In Connecticut
The party is over for a popular chain store that's been in business for decades.
Party City is “winding down” operations immediately at its approximately 800 locations, CEO Barry Litwin told corporate employees in a video call on Friday, Dec. 20, CNN reports.
Workers were told they will not receive severance pay, and that their benefits would end as the company goes out of business, CNN says.
The company, headquartered in in Woodcliff Lake, New Jersey, is running low on cash and unable to pay rent in some locations, according to an earlier Bloomberg report.
Party City was foun…
Dual-Wielding, ‘Moaning’ Man Stabbed CT Friend Who Took Him In: Police
An argument between friends escalated into a grisly stabbing incident earlier this week when an intoxicated man, wielding two knives, attacked another, authorities said.
Alan Frazier, 44, of Jewett City, faces charges of second-degree assault, threatening, and reckless endangerment following the alleged attack on Dec. 18, Connecticut State Police said.
A Griswold man called police around 6:15 p.m. to report that Frazier, a homeless friend he had allowed to stay at his Main Street home, had attacked him with two knives and punched him in the face, according to a police report.
The argument …