© Reuters. A Barclay’s Capital Specialist trader works at the post that trades Party City Holdco Inc. during the company’s IPO on the floor of the New York Stock Exchange April 16, 2015. REUTERS/Brendan McDermid
(Reuters) – Party City Holdco (NYSE:) Inc filed for Chapter 11 bankruptcy protection on Tuesday, casting doubts on the retailer’s future, as it grapples with dampening sales due to inflation and higher operating costs.
The Rockaway, New Jersey-based company said it had obtained $150 million in debtor-in-possession financing.
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