Party City is closing down all of its stores, ending nearly 40 years in business, CNN has learned. CEO Barry Litwin told ...

Party City will auction leases for three Capital Region stores after filing for bankruptcy and announcing closures.

Party City made the announcement on Dec. 20 in a meeting with corporate staff, informing them that Friday is their final day of employment ...

Party City plans to end immediately operations Friday night. Employees were informed they’d be cut loose without severance pay or benefits.

In a Friday meeting viewed by CNN, Party City CEO Barry Litwin told employees that the company is "winding down" operations immediately.

Steve Fram’s Party City story began in the early 1990s, when he owned his own office supply store in New York.