Reposted by Philip Philip
Philip Philip
@philipphilip.bsky.social
332 followers 728 following 5 posts
Libra • INFJ • Clickety-Clacker • he/him • Cat Dad • Reformed Demon Twink
Libra • INFJ • Clickety-Clacker • he/him • Cat Dad • Reformed Demon Twink
!["They [new owners] took out the top two things that made this company very special," Mandell told The Post in an exclusive interview.
"First, we were the
discount party superstore. Today, it is not a discount store. The prices are top dollar."
"Second, Party City had great variety," he added.
That changed in 2005, according to Mandell, when Party City was bought by private equity firms Berkshire Partners and Weston Presidio. They also owned the party supply manufacturer Amscan, essentially giving it a monopoly.
"Party City did away with competition," the 78-year-old Mandell said. "All of the innovation is long gone.
That is a huge problem.](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:oloqvkuiie22qabj5m6xg4th/bafkreibwqhljwftsrezicmovfpx5cbyqvoebyb2c4bh2f7ylhajipgfa24)
