The successful venture was declared in bankruptcy in 2023. It had begun to operate in the ´80 years.
The successful company that the parents of Kate Middleton They started in the Decade of the eightiesnot only allowed them to knead a considerable fortunebut also gave them the possibility of guaranteeing their Three children A first level education. Thanks to this, they could afford the university studies of his eldest daughter in the prestigious University of St Andrewswhere he met Prince William.
However, the family’s fate changed dramatically when their company, Party Pieceshe was forced to close. It went from being a prosperous business to Declare in bankruptcy.
The origin of Party Pieces
In 1987, Carole Middletonmother of Katefounded the company with the purpose of selling items for events and celebrations. The idea arose when she herself, organizing parties for her children, noticed the lack of thematic products in the British market.
The business began with a catalog orders system, offering exclusive products for children’s celebrations that were not easy to get in the United Kingdom. The vision of Carole allowed the company to experience a accelerated growthconsolidating as a reference brand in the event sector.
However, success did not last forever. The crisis caused by the Covid-19 pandemia He hit the company hard, since the restrictions imposed on social meetings during confinement generated significant losses.
The bankruptcy of Kate Middleton’s parents
According to British media, Party Pieces accumulated losses superior to 250,000 pounds In 2021. By 2023, the situation worsened to the point that the company was completely indebted with banks, suppliers and even with the government. Finally, the company declared bankrupt, leaving a debt of € 3 million With its creditors.
Despite the multiple attempts to Carole and Michael Middleton For saving the business, they failed to reverse the crisis and bankruptcy was inevitable. Beyond the economic impact, this outcome also affected the public image of the parents of the Princess of Wales.
Despite the financial scandal, the family has chosen to stay out and have not provided detailed statements about it. Meanwhile, Kate Middleton He has continued to fulfill his responsibilities within royalty as much as possible, taking into account that he still continues in the process of recovery after his diagnosis of cancer.
Source: Ambito
