Goodbye to the buoyant company of Kate Middleton’s parents and goodbye also to their great fortune that they amassed since 1987. Party Pieces, a true universe of decoration, objects and costumes for children’s parties, fell into suspension of payments. Carole and Michael Middleton, parents of Princess Kate, sold their former empire to businessman James Sinclair with an accumulated debt of more than three million euros. The nightmare is not over yet.
The pandemic, the confinements and the business stoppage caused a serious impact on the income statement of Party Pieces. The Middletons then requested a loan of 200,000 euros. Three months have passed since they sold the company and creditors still have not seen their invoices settled. They continue empty-handed. An unsustainable limit.
The horizon looks dark for William’s in-laws in the town where they live, Bucklebury, west of London, 100 kilometers from the City. The suppliers have not yet been paid and the town appears covered in protest posters demanding that the Middletons face their debts. An accusation that caused Kate’s brother, James, to end up tearing down the posters, as reported by the British press.
From the age of 36, Kate’s parents made a fortune that they started in a small home store in the yard of their own house. When the Internet took off, they channeled the business online and sales skyrocketed to manage more than 4,000 orders a week.