The Party That Never Fizzled Out: The Double Restructuring of Party City Holdco
Is this a case of good company with a bad capital structure?
Welcome to the 74th Pari Passu Newsletter.
After learning about the Implosion of Voyager a few weeks ago, I am excited for today’s restructuring case study: Party City.
A 2017 Business Insider article once declared that “Party City has a reason to celebrate.” The company appeared to be defying all the odds in an abysmal environment for retail, with moder…