Party City Announces Changes within Executive Leadership Team

ELMSFORD, N.Y.–(BUSINESS WIRE)–Party City Holdco Inc. (“PCHI” or the “Company”) (NYSE:PRTY), today
announced two organizational changes effective October 31, 2016.

First, we are pleased to announce Mr. Ryan Vero has joined the Company
as Executive Vice President of PCHI and President of Party City Retail
Group. Mr. Vero recently served as President, Grocery and Drugstore at
Sears Holdings. Prior to joining Sears, Ryan spent 18 years at
OfficeMax, most recently serving as its EVP, Chief Merchandising and
Marketing Officer. In his new leadership role with the Company, Mr. Vero
will be assuming full responsibility for all of our North American
retail operations, including brick and mortar stores and e-commerce.

Next, Gregg Melnick, President of PCHI, will be taking on new leadership
responsibilities in several areas of our global business. Specifically,
Mr. Melnick will assume overall responsibility to formulate, establish
and execute our long-term global strategy in the areas of Information
Technology and Global Supply and Logistics. These efforts will be
designed to work across the many business units that comprise our
unique, vertical model assuring that we have the best possible systems
and processes for our business. In addition, he will also assume
responsibility for our international Wholesale and non-North American
retail operations, focusing on the development and execution of our
long-term growth strategy and furthering the Amscan business across key
international markets.

Commenting on these organizational changes, Mr. James M. Harrison, CEO,
stated, “First, I would like to welcome Ryan to our team. Ryan comes to
Party City with broad retail leadership experience and an impressive
resume of accomplishments over a 22-year career in retail that will add
significant value to our organization.

With respect to Gregg’s new responsibilities, I would like to emphasize
that much of our future growth is tied to the ultimate success of our
international efforts, and the addition of Gregg’s leadership and
knowledge of the party industry will be a huge asset in maximizing this

While we have enjoyed great success over the past 20 years building
ourselves to be a leading wholesaler and retailer in our industry, I am
truly excited that these changes will go a long way to ensuring our
continued growth and success in the years ahead.”

About Party City

Party City Holdco Inc. (the “Company” or “Party City Holdco”) is the
leading party goods company by revenue in North America and, we believe,
the largest vertically integrated supplier of decorated party goods
globally by revenue. The Company is a popular one-stop shopping
destination for party supplies, balloons, and costumes. In addition to
being a great retail brand, the Company is a global, world-class
organization that combines state-of-the-art manufacturing and sourcing
operations, and sophisticated wholesale operations complemented by a
multi-channel retailing strategy and e-commerce retail operations. The
Company is the leading player in its category, vertically integrated and
unique in its breadth and depth. Party City Holdco designs,
manufactures, sources and distributes party goods, including paper and
plastic tableware, metallic and latex balloons, Halloween and other
costumes, accessories, novelties, gifts and stationery throughout the
world. The Company’s retail operations include over 900 specialty retail
party supply stores (including approximately 180 franchise stores)
throughout North America operating under the names Party City and
Halloween City, and e-commerce websites, principally through the domain


Party City Holdco Inc.
Deborah Belevan, 914-784-8324
VP of
Investor Relations