Party City

Party City is an American retail chain of party stores founded in 1986 by Steve Mandell.
==History==
Party City was founded by Mandell. He recognized that the market for party goods was highly fragmented with a lot of small operations, a large number of retailers carrying limited supplies, and no big players dominating the party goods market.https://www.fundinguniverse.com/company-histories/party-city-corporation-history
After gathering $125,000, he opened a store in New Jersey, naming it Party City. The operation was immediately successful and within a year Mandell started planning for a second location.
In 2005, the company was sold to a subsidiary of AAH Holdings Corporation, owner of Amscan.https://web.archive.org/web/20150417194642/http://www.amscan.com/in_the_news/amscan/press_releases/by:latest/acquisition-of-party-city-corporation-by-aah-holdings-completed/ Amscan then went on to acquire the party retailers Party America in 2006 and Factory Card & Party Outlet in 2007. Both retail chains began to operate under the Party City network, thereby making Party City the largest party supplies retailer in the United States.https://investor.partycity.com/annual-report-2018/default.aspx
In 2023, Party City officially announced they have completed their bankruptcy reorganization after a US judge approved their bankruptcy plans. Party City was successfully able to slash over $1 billion of debt during the reorganization. The majority of its stores are expected to stay open for now, however a handful of its 800 stores will permanently shutter throughout the rest of 2023, particularly underperforming and less productive locations, and stores that are located in underdeveloped and obsolete areas.https://www.cnn.com/2023/09/07/business/party-city-exits-bankruptcy/index.html
==Channel==
The channel was created on March 2, 2006, and the first video was uploaded on June 15, 2010.https://www.youtube.com/watch?v=P9RBsehp2_c The channel uploads commercials of their company.
==References==
Category:American YouTubers
Category:Users who joined in 2006