The founder of Party City blamed the retailer’s collapse into bankruptcy on mismanagement by private equity firms — claiming that they jacked up prices — despite the company’s roo…
on mismanagement by private equity firms — claiming that they jacked up prices — despite the company’s roots as a discounter.
“Party City did away with competition,” the 78-year-old Mandell said. “All of the innovation is long gone. That is a huge problem.” “Party City’s financial restructuring will address a legacy debt load that predates the Company’s IPO in 2015 and enable the business to emerge financially stronger and better positioned to build on its market leadership,” a Party City spokesperson told The Post on Wednesday.
“The average sale price is too low for inflation to have a big impact,” Mandell countered. “It’s a great excuse.”
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Party Down: STARZ Gets The Party Started with New Preview ImagesHitting STARZ screens on Friday, February 24th, here's a look at a new set of preview images for the return of PartyDown. / STARZ PartyDownSTARZ
Leer más »
Party City files bankruptcy after pandemic recovery faltersParty City Holdco Inc. is seeking bankruptcy protection, a final blow for the retailer that struggled to rebound after sales plummeted during the pandemic.
Leer más »
Birthday party leads to 3 injured in downtown Salt Lake City hotel shootingThree people were injured, two critically, following a shooting overnight at a downtown Salt Lake City hotel.
Leer más »
San Diego City Council sunsets COVID-19 emergency, city employee vax mandateThe San Diego City Council Tuesday voted to end the city's COVID-19 emergency declaration and a city employee vaccine mandate at the end of February.
Leer más »
City Council shoots down Gloria's City Core Revitalization Proposal -SAN DIEGO (KUSI) – The San Diego City Council voted against Mayor Todd Gloria’s City Core Revitalization proposal. The proposal sought to fix up City Hall, the Civil Center Plaza, and the Infamous Ash Street Property. President and CEO Bill Roper of the Roper Capital Company says the city should leave it to leave it to private developers to get...
Leer más »
Aurora city manager selects new fire chief pending city council confirmationA new fire chief has been chosen in Aurora by the city manager, pending confirmation by city council.
Leer más »