PCHI: Party City Holdco Inc. Filed for Bankruptcy

The Container Store Group, Inc along with its six affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas on December 21, 2024. The debtor listed both its assets and liabilities in the range of $1 billion to $10 billion. The debtor is represented by John F Higgins, IV, Michael Shane Johnson, and Aaron J Power of Porter Hedges LLP as its legal counsel. The debtor also hired Paul, Weiss, Rifkind, Wharton & Garrison LLP as legal counsel, Alix as consulting services, Kroll Restructuring Administration LLC as noticing agent, Gordon Brothers Commercial & Industrial, LLC as liquidation advisory services, and A&G Realty Partners, LLC as real estate advisory services.