Party City was founded by Steve Mandell in 1986, Mandell recognized that the market for party goods was highly fragmented with a lot of small mom-and-pop operations, a large number of retailers carrying limited supplies, and no big players dominating the party goods market. History 1986–1993: Founding and franchising Facade of a Party City store in The Woodlands, Texas Based in Woodcliff Lake, New Jersey, the company is the largest retailer of party goods in the United States, Canada, and Mexico, operating over 750 company-owned and franchise outlets under the Party City, Halloween City, Toy City, and Factory Card & Party Outlet brands.
Party City's parent company is Party City Holdings Inc. is an American publicly traded retail chain of party stores founded in 1986 by Steve Mandell in East Hanover, New Jersey.
