Latest Shocking Entertainment News: Inside the Financial Fall of the Middleton Family Party Planning Company
Before she was part of the royal family, Princess Kate Middleton was part of a party planning empire — sort of.
Kate’s parents, Carole and Michael Middleton, owned Party Pieces, a party planning and supplies brand which they founded in 1987.
“Whether you want to create a children’s party they’ll remember long after they blow out the candles, or throw a hen do dinner so fun it earns a mention in the wedding speeches, Party Pieces is here to help,” the brand’s website reads. “We curate the most attractive, best value party decorations, games and tableware, and if you’re celebrating at a distance, we can deliver personalized cakes, balloons and banners to your loved one’s doorstep.”
Party Pieces noted that their “party expertise” is here to “turn a milestone into a memory.”
Princess Kate Through the Years: From Commoner to Future Queen Consort
Carole and Michael owned the company until news broke in May 2023 that they were forced to sell following a financial collapse. Nearly a year after they sold the company, a source told Us Weekly exclusively that Kate’s parents are “desperately” trying to shield her from debt. (U.K.’s The Times reported in April 2024 that Carole and Michael can’t come up with the “£260,000 — over $329,000 — insolvency firm costs” for Party Pieces.)
“Carole is desperately trying to keep Catherine fully focused on her recovery,” the insider tells Us, referring to Kate’s cancer treatments that she began in February 2024. “It’s a very worrying time for the family but they are not looking for any assistance from their children and don’t want them to worry.”
Keep reading for everything to know about Kate’s parents and their failed party planning business:
What Is Party Pieces?
The company offered party supplies for all types of events, even launching their very own Party Pieces Collection in 2021 that was “thoughtfully designed, taking into account what makes celebrations memorable and aiming to embrace the spirit of entertaining; with show-stopping pieces that immediately give the wow factor when guests walk into the room,” according to the company’s website.
Why Did Kate Middleton’s Parents Sell Party Pieces?
In May 2023, it was widely reported that Carole and Michael sold Party Pieces to entrepreneur James Sinclair for an undisclosed amount of money. The BBC revealed at the time that the couple ran “into difficulties” and their business was “put into administration and immediately sold” to Sinclair’s Teddy Tastic Bear Company.
Kate Middleton’s Inner Circle: Meet the Royal's Family and Friends
How Much Money in Debt Was Party Pieces?
Tatler reported in May 2023 the time that Party Pieces was over £2.5 million (over $3 million) in debut. “Due to the company’s cash flow challenges and inability to secure additional funding, rescuing the company … is not achievable,” a report filed to Companies House stated, per the publication.
A breakdown of the money woes reported that the company owed £612,685 (over $775, 000) to HM Revenue and Customs, £218,749 (over $277,000) to the Royal Bank of Scotland for a Coronavirus Business Interruption Loan, £456,008 (over $577,000) to various creditors and £1.4 million (over $1.7 million) in unsecured loans.
by Shelby Stivale
Other Important Shocking Information:
Recent Shocking Latest News World
Recent Shocking Latest Technology News
Recent Shocking Latest Sports News
Recent Shocking Latest Travel News
Recent Shocking Celebrity Gossip
Recent Shocking Weather Report
The Importance of news.
Well, News are very important in our daily life because news provide us with the information all around the world. News tell us about the everything happening around us from the weather, crimes, politics, sports, entertainment to the latest inventions, research in the science and technology too. News is more than just facts and information; it is information that affects us. News affects how we live our lives, how we perform our jobs, how we function as human. News sometime works as an evidence and proof of incidents. And most important it is the source of data and information that help to increase awareness, knowledge of the citizens in a country.
Comprehensive up-to-date news coverage, aggregated from sources all over the world Get the latest news from the world: nation, business, entertainment, sports, global Get the latest World News: international news, features and analysis from different continent Latest breaking news, including politics, crime and celebrity. Find stories, updates and expert opinion. Find the latest breaking news and information on the top stories, weather, business, entertainment, politics, and more. For in-depth coverage, of tech issues and events. with investigative reporting and in-depth coverage of tech issues and events. The latest international news, featuring top stories from around the world and breaking news, as it happens now.
If you'd like to support. Please click HERE to go to Support Page. Thank you and have a wonderful day.
No comments