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Business Closure

Business
Party City Going Out Of Business, Closing All 800 Stores Party City Going Out Of Business, Closing All 800 Stores
Party City Going Out Of Business, Closing All 800 Stores 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…

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by Joe Lombardi
Business
TGI Friday's Suddenly Closes At Least 12 Restaurants, Including In Hudson Valley TGI Friday's Suddenly Closes At Least 12 Restaurants, Including In Hudson Valley
TGI Friday's Suddenly Closes At Least 12 Restaurants, Including In Hudson Valley Casual dining chain TGI Fridays has closed at least a dozen of its restaurants in the last few weeks. Click here for a new, updated story: TGI Friday's Files For Bankruptcy Weeks After Sudden Closures Of At Least 12 Restaurants According to the company's website and other reports, the following locations are now listed as permanently closed: New York Middletown, 23 Crystal Run Crossing Poughkeepsie, 2594 South Road (Route 9) Clifton Park, 1 Southside Drive  Connecticut Enfield, Freshwater-Stateline Plaza, 130 Elm Street Pennsylvania Allentown,  395 S Ceda…

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by Joe Lombardi
Business
Buca di Beppo Shutters Last NY Location After 24 Years Buca di Beppo Shutters Last NY Location After 24 Years
Buca di Beppo Shutters Last NY Location After 24 Years It’s the end of an era for New York fans of Buca di Beppo. After 24 years, the popular chain of Italian restaurants closed its Albany County location in Colonie, the last one anywhere in the Empire State. The move was evident on the restaurant’s official Facebook and Yelp pages, which have both updated their hours to “permanently closed.” “We thank our customers for their loyalty — it was our privilege to be the backdrop for countless gatherings and celebrations over the past two decades,” the company said in a statement. A reason for the closure was not given. Founded in Minneapolis in …

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by Michael Mashburn