IlluMyFi

Company went into bankruptcy in January 2023 under $1.7bn in debt, but remaining $800m too much to overcome

The party is over at Party City, once the largest supplier of balloons and other fun-time supplies in the US, as the company announced Friday it was closing down all of its stores, ending nearly 40 years in business.

Barry Litwin, the Party City CEO, told employees that the chain was “winding down” operations immediately and that today would be their last day of employment.

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30.12.24 03:40

by theguardian.com

Japan’s Nikkei and Germany’s DAX share indices both post 19% gains in 2024 – as...

Rolling coverage of the latest economic and financial news

Japan’s blue-chip stock index has ended the year at its highest year-end finish on record, despite a small selloff today.

The Nikkei stock average ended down 386.62 points, or almost 1%, today at 39,894 points.

“There was much optimism in the first half of the year with hope for a favorable cycle in which wages increase in tandem with prices, alongside the weak yen for corporate profits.”