Party City Holdco Incorporation

PARTY CITY HOLDCO INCORPORATION Name: Date: Course: Company Overview Party City was established by Steve Mandell in 1986. Mandell was the son of a merchant and grew up with dreams of establishing his personal store. When It was time to depart for his career, he started out as the sales personnel of a manufacturing company. Between the period of 1972 through 1986, he worked as the managing director of a marketing company that was engaged in the business of selling products such as school items, writing materials along with party items. It is during this period that he identified an opportunity or business gap that he thought he would venture into. After much thought and consideration, Steve made a decision to venture and specialize in the establishment when he eventually left employment. Armed with 125,000 dollars in savings, he started a retail store in East Hanover, New Jersey and called it Party City. The business was very successful from the first instant that in just one year, Steve was in yet another plan of opening a second store. Current Operations The organization operates via retail and wholesale fragments. Its retail undertakings or ventures generate income fundamentally via the sale the company's Amscan, design ware, Anagram as well as costumes. Party City retails these products through their USA party supplies store, Halloween city stores along with its online platform PartCity.com. On the other hand, the company generates its income from sale its products for all events in wholesale. The goods include paper and tableware, Costumes, accessories and novelties, metallic and latex balloons along with stationaries. The organization's goods are sold at wholesale to superstores selling party products, franchise stores, various party items retailers, mass clients, dollar stores and various sellers and suppliers all over the world. Currently, the Park City Network comprises over 900 stores in the United States and an estimated 50 stores in Canada. Park City further runs several e-commerce platforms, predominantly under its dominant name trademark ParkCity.com. Company ownership Shares The company is owned by various institutional and retail investors like "Party City Holdco's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Copper Rock Capital Partners LLC (2.00%), Thompson Investment Management Inc. (0.28%), Rhumbline Advisers (0.08%), Gilman Hill Asset Management LLC (0.04%), Strs Ohio (0.03%) and IFP Advisors Inc (0.02%)," among other individual member shareholders like its CEO Mr. James M. Harrison. Current financial stability As per the second quarter of 2018 report, the company is very stable and records a vertical graph in its financial stability. During the release of the report, the CEO Mr. James Harrison stated that" I am pleased with the solid second-quarter results that were in-line with our expectations on both the top and bottom line. In the quarter, we delivered 3% topline growth, grew income from operations by almost 8% and increased Adjusted EPS 43%. These results again demonstrate the strength of our vertical model, the continued benefit of our cost discipline and productivity initiatives combined with operational progress on all fronts, reinforcing ...