The mail-order party supplies company had been founded by Catherine Middleton’s parents in 1987 and generated the family fortune.
The family business that made millionaires of the parents of the Wale’s princess, Katherineprince’s wife Williamwent bankrupt in May leaving debts of 2.6 million pounds ($43.2 million)according to a report by insolvency specialists.
The unpaid bills of Party Piecesa mail-order party supply business founded by Carole and Michael Middleton in 1987, they include more than £612,000 in tax.
Carol Middleton68, launched the business after looking for ideas for her daughter’s fifth birthday.
The company grew over the years generating significant benefits. In 2012, the middleton they bought a mansion west of Londonnear the royal estate of Windsor, by de 4.7 million pounds.
Kate Middleton.webp
Web designer before being a princess
Katherinethen simply known as Kate MiddletonI work for Party Pieces as a website designer and photographer before her 2011 marriage to Guillermo, eldest son of King Carlos III and now heir to the throne.
But after suffering the consequences of Covid-19, earlier this year the unpaid suppliers will threaten legal action against the company. In May, a bankruptcy proceeded and it was sold to British businessman James Sinclair for an undisclosed sum.
Party Pieces was “deeply affected by the effects of the pandemic and the subsequent restrictions on social gatherings,” said Will Wright of the managing group Interparty Advisory. His report stated that the company was short of 2.59 million pounds to pay off all its debts.
Source: Ambito
