They say that all
Good things must end
Call it a night
The party's over
And tomorrow starts
The same old thing again </Don Meredith>
Party City is going out of business
That really sucks. Really sucks.New York
CNN
—
Party City is closing down all of its stores, ending nearly 40 years in business, CNN has learned.
CEO Barry Litwin told corporate employees Friday in a meeting viewed by CNN that Party City is “winding down” operations immediately and that today will be their last day of employment. Staff were told they will not receive severance pay, and they were told their benefits would end as the company goes out of business.