Party City rejected Chinese takeover earlier this year
August 7, 2018
Recreational Goods | Rockaway, NJ
Party City rejected a takeover bid earlier this year from China-based toy and apparel manufacturer Meisheng Cultural & Creative, according to Reuters. Private equity firm Thomas H. Lee Partners, which acquired a majority stake in Party City in 2012 before taking the party supplies retailer public in 2015, reportedly retains a 47% interest.