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Canadian Tire Picks Up 65 Party City Stores

Party Supply Retailer Sells Canadian Properties, Business in Multimillion-Dollar Deal

Party City plans to close 55 U.S. locations this year. (JJBers/Flickr)
Party City plans to close 55 U.S. locations this year. (JJBers/Flickr)

Canadian Tire, one of Canada's most iconic retailers with about 500 stores, is paying 174 million Canadian dollars to acquire and operate the retail assets and business of Party City’s subsidiary north of the border.

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