You may not know the company by name, but you know its products which are sold by Amazon, Walmart, and many other major retailers.
A lot of businesses suffered during the lockdown period of the covid pandemic. Some, like Starbucks and McDonald's, found deft ways to pivot their business model to serving people with drive-through and delivery.
Two other major retailers — David's Bridal and Party City — filed Chapter 11, but managed to find a way to emerge from bankruptcy and return to operations. Both of those companies suffered from people not having parties or weddings during the darkest days of the pandemic. The company, which literally makes balloons for celebratory occasions saw its business crater during the pandemic. It has struggled to get back on track since the world has returned to normal and the company shared what happened in a message to customers.
"We intend to continue operations in the ordinary course of business, and we anticipate fulfilling outstanding obligations and debt of the company as part of a successful Chapter 11 plan," the company shared.
Norge Siste Nytt, Norge Overskrifter
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