Party City in Flower Mound has closed down after the company announced nationwide closures in December.

According to the news release, the company commenced a wind down of its retail and wholesale operations and going out of business sales at approximately 700 stores nationwide after serving Party City customers for nearly 40 years. The decision was made following exhaustive efforts by the company to find a path forward that would allow continued operations in an challenging environment driven by inflationary pressures on costs and consumer spending.