Former type Public (NYSE MKT: IPT) Fate Acquired by Party City Ceased operations 2013 Parent organization Party City Holdings Inc. | Industry Retail Website www.iparty.com Founded 1998 | |
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Defunct 2013; 4 years ago (2013) Products Party supplies, including plates, cups, decorations, custom invitations, custom ribbons, balloons, halloween costumes, helium tank rentals, and party favors Headquarters Dedham, Massachusetts, United States | ||
Icarly victorious cast leave it all to shine official music video
iParty was a chain of more than 52 retail stores in New England and the Tampa Bay Area of Florida that specialized in selling party-related merchandise, as well as seasonal items such as Halloween costumes, Christmas garland, and Easter baskets during the appropriate time of year. In total, the number of different products that iParty sold throughout its stores was over 20,000. The chain, started in 1998 by husband and wife team Sal Perisano and Dorice Dionne, employed more than 1,000 people in Maine, New Hampshire, Vermont, New York, Connecticut, Massachusetts, Rhode Island, and Florida.
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In March 2013, iParty announced that it had accepted an offer to be acquired by Party City in a deal worth around $38 million in total. The company cited financial issues stemming from the effects of Hurricane Sandy in late-2012 (which disrupted the Halloween season) as a motive for the decision to explore strategic alternatives. iParty's stores were re-branded under the Party City brand.
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iParty had more than 50 locations in the six New England states and several were in the Tampa Bay Area of Florida.