Shortly after selling their business, Party Pieces, Kate Middleton’s parents, Carole and Michael, were targeted by some of their suppliers demanding payment of their debts.
In 1987, Kate Middleton’s mother, Carole, decided to launch Party Pieceshis first company, specializing in the online sale of party accessories. Her husband, Michael, then decided to join his wife’s business, leaving British Airways. During his early years, the company is a hit and Kate Middleton’s parents become multimillionaires. This success will then allow them to invest by acquiring a multi-million euro Georgian mansionin the Berkshire countryside, as well as to send their children to Marlborough Collegeone of the best educational establishments in the region.
But, after the Covid pandemic and the economic crisis, Kate Middleton’s parents’ business was placed under judicial administration. Faced with these major financial difficultiesthey were thus forced to sell their business to Scottish businessman James Sinclair. Unfortunately, a few days after the announcement of the sale, the company went bankrupt. On June 7, the Daily Mail also reported that the creditors were talking about “treason”. They notably criticized the colossal debt that Carole and Michael Middleton had left behind. A debt which would amount to almost 2.7 million pounds sterling, or 3.17 million euros. Only, according to information from Suncreditors have very little chance of being repaid.
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“It is unfair to do this”
Kate Middleton’s parents were therefore targeted since certain suppliers decided to put up posters in Bucklebury, where they reside, and in the village of Yattendon, located in the West Berks. Faced with these methods, some neighbors spoke to the Sun. “Carole and Michael are incredibly popular. Everyone is horrified by these posters. He is unfair to do this in their native village, a few meters from where they live”, said a resident. “Their son James lives nearby, as does Pippa, who recently moved with her family, so that they are all faced with this situation”, said another. “They are doing their best to make things right and don’t deserve this kind of abuse”pointed out a neighbor.
According to a close friend of Carole Middleton, she “is naturally upset and deeply disappointed by this situation”. “Over the past five months, she really did her best to find a buyer, who would not only move the business forward, but also honor all outstanding debts”, he also explained to the DailyMail.
Pauline has been writing for the Auféminin site for many months now. She enjoys deciphering current events as much as telling the latest stories about your favorite people. When she’s not looking…