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Barry Litwin

Party City Going Out Of Business, Closing All 800 Stores, Including 17 In VA Party City Going Out Of Business, Closing All 800 Stores, Including 17 In VA
Party City Going Out Of Business, Closing All 800 Stores, Including 17 In VA 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…