Party Pieces, once worth $74 million, saw its business plunged, as nearly all social gatherings were banned due to Covid-19. Read more at straitstimes.com.
LONDON – The family firm that turned the parents of Princess Kate – the wife of the heir to the British throne – into millionaires left debts of nearly £2.6 million when it collapsed in May, a report by insolvency specialists has revealed.Party Pieces, a celebration paraphernalia mail order business, was built up by Princess Kate’s parents, Mrs Carole and Mr Michael Middleton.
The firm was launched in 1987 after Mrs Middleton, 68, searched for ideas for her daughter’s fifth birthday. However, after unpaid suppliers threatened legal action earlier this year, administrators were appointed in May and the business was immediately sold to British entrepreneur James Sinclair for an undisclosed sum.
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