The costume and party supplies chain Party City has filed for Chapter 11 bankruptcy protection, and is in the process of an expedited restructuring that will substantially lower its debt and free up cash. The company's 800+ stores and website will remain open, and its franchise stores, subsidiaries outside of the U.S., and foil balloons Anagram business are not part of the restructuring. The filing comes as the U.S. retail industry continues to suffer from persistently high inflation and a pullback in customer spending.
Posts tagged as “New Jersey”
Two members of the University of Georgia football program, Devin Willock (20) and Chandler LeCroy (24), were killed in a car crash early Sunday morning in Athens, Georgia. Two other members of the football program were also injured. The UGA Athletic Association expressed their condolences, saying they were "devastated" by the news. The cause of the crash is still under investigation.
A New Jersey woman has been sentenced to three years in state prison for her role in a GoFundMe scam that raised more than $400,000…