{"id":72206,"date":"2023-10-13T09:53:10","date_gmt":"2023-10-13T13:53:10","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/party-city-emerges-from-bankruptcy\/"},"modified":"2023-10-13T09:53:13","modified_gmt":"2023-10-13T13:53:13","slug":"party-city-emerges-from-bankruptcy","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=72206","title":{"rendered":"Party City emerges from bankruptcy"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002611496\" role=\"document\">\n<p>Retailer Party City<br \/>\n        PRTYQ,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209141609\/composite\" class=\"negative\">-60.00%<\/bg-quote><br \/>\n       has emerged from bankruptcy, it said in a filing late Thursday. The company filed for Chapter 11 in January after months of struggles with lower sales, a liquidity crunch, and supply problems. The retailer said that through the restructuring it \u201csubstantially strengthened its capital structure\u201d by cutting nearly $1 billion in debt, enhanced its liquidity, and \u201coptimized its Party City store portfolio\u201d by negotiating leases and closing less productive stores. In connection with the bankruptcy exit, Chief Executive Brad Weston said he plans to resign on Nov. 3, with Chief Commercial Officer Sean Thompson becoming interim CEO. <\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/party-city-emerges-from-bankruptcy-bcfbe11f?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Retailer Party City PRTYQ, -60.00% has emerged from bankruptcy, it said in a filing late Thursday. The company filed for Chapter 11 in January after months of struggles with lower sales, a liquidity crunch, and supply problems. The retailer said that through the restructuring it \u201csubstantially strengthened its capital structure\u201d by cutting nearly $1 billion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-72206","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Party City emerges from bankruptcy | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Retailer Party City PRTYQ, -60.00% has emerged from bankruptcy, it said in a filing late Thursday. 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