Carole and Michael Middleton have to part ways with their company "Party Pieces". While daughter Princess Kate feeds on golden spoons, her parents go broke.
Windsor – With her company "Party Pieces", Carole Middleton (68) has been offering all kinds of accessories and decorative items for celebrations for over 30 years. Daughter Kate Middleton (41) also worked in her parents' company before her marriage to the British heir to the throne Prince William (40), which her mother had successfully expanded after the birth of her three children. The deal made the family wealthy, but now Sky News is reporting exclusively on the shocking decline.
Even before the coronation, Princess Kate may have been aware of her parents' bankruptcy
According to the news platform Sky News, Party Pieces Holdings Ltd., which was founded in 1987 by Carole and Michael Middleton (73), was bought by entrepreneur James Sinclair on Thursday shortly after the coronation of Charles III (74) and Camilla (75). Sources report that a receiver was appointed before the company was sold to Sinclair's company, Teddy Tastic Bear Co Ltd, without any of its liabilities. At what price is currently just as unclear as the amount of liabilities that had apparently grown over the Middletons' heads.
Apparently, the Middletons commissioned the financial advisory firm Interpath Advisory to find a buyer at the beginning of the year. The company is said to have been appointed administrator in court on Thursday morning. Corona apparently caused the bankruptcy of the Internet sales platform: The business had been "significantly affected" by the pandemic, it was said in the reason for the sale. After all, demand has fallen immensely, according to a spokesman for the responsible insolvency administrator.
Princess Kate apparently doesn't have much to say
When deciding who would get one of the rare 2,000 seats at Westminster Abbey at the coronation, the Princess of Wales lost out to Queen Camilla. "Camilla brought 20 Parker Bowles' to the coronation and four Middletons," royal biographer Tom Bower said on "Dan Wootton Tonight" after the coronation, later confirming that Kate's parents were there, of course, but neither Kate's sister Pippa Matthews, 39, nor her brother James Middleton, 36, should have brought their spouses.
Princess Kate's hands are apparently tied, as she could not avert bankruptcy
What does it look like in Princess Kate? While she rushes from appointment to appointment for the crown, she cannot help her parents (photomontage). © Daniel Leal/dpa & Andrew Milligan/dpa
The fact that Princess Kate apparently cannot help her parents is particularly bitter because Carol Middleton had behaved compassionately and considerately towards the British royal family in 2021. As long as Prince Philip (99, † 2021) was treated in hospital, mom Carole refrained from being in the focus of the British press. She turned down the application of the interview and cover story at the popular magazine "Good Housekeeping".
0
Also Read
Stress after coronation: Disgruntled Kate Middleton refused to curtsey in front of Queen Camilla
READ
This has never happened before: Boris Becker shares joint photo with Angela and Anna Ermakova
READ
King Charles III: As soon as the coronation is over, Prince William reaches for the throne
READ
"One more reason not to shop there": Schlager fans tear up Helene Fischer's Lidl advertising campaign
READ
Cash for Rares: Saleswoman wishes for 150 euros - and earns 26 times as much
READ
Fancy a voyage of discovery?
My Area
This would have provided fresh media presence and perhaps also an upswing. In Corona times, imaginative children's parties, and thus the sale of party decorations, tableware and personalized gifts, were suspended. Although the royals are incredibly rich on paper, it does not mean that they have a lot of money "in their hands". Only recently it was said that King Charles III was richer than Queen Elizabeth II (96, † 2022) ever was, but the finances are tied up and not freely available. Sources used:thesun.co.uk, news.sky.com
