Kate Middleton’s mother: when your company goes into the red and the business is no longer what it was

Bad times for the lady’s company Middleton. The mother of the Princess of Wales, founder of the company Party Pieces dedicated to decorating parties, has hired an external auditor to study the search for investors. The numbers do not come out and inflation is what it is. The Covid pandemic had a severe impact on the sector and Carole Middleton’s firm accumulated a loss of 285,506 pounds (325,000 euros) in the 2021 financial year, which represents a deficit of 1.35 million pounds (1.54 million euros). ). she post it Telegraph.

The mother of Kate Middleton founded this company in 1987. Its flagship product in decorating children’s parties includes balloons, plates, napkins, glasses, cups, candy holders, and hats.

The restrictions, confinements and the prohibition of social gatherings during the Covid-19 pandemic had an impact on this sector. “We are working with our advisers to secure investments that will help support the business as we look to embark on the next phase of our growth plan,” a company spokesperson told the newspaper. Carole Middleton expanded her business in the US, through the Saker ShopRite supermarket chain. She now deals with inflation.