Kate Middleton's family business closes after going bankrupt

The Princess of Wales’s parents struggled to come up with over $329,000 in “insolvency firm costs.”

Carole and Michael Middleton, who are Prince William's in-laws and Kate Middleton's parents, recently faced financial difficulties with their party supply business, Party Pieces. The company couldn't pay its debts and had to shut down.

The Times reported on April 1 that the couple are still struggling to pay off more than $329,000 in “insolvency firm costs.”

Royal author Christopher Andersen told Us Weekly that the family still has a “considerable” fortune. 

He explained, “The party supply business she founded flourished for years until, like so many other businesses, it was undone by COVID.”

 

 

 

 

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For nearly two years, nobody was hosting children’s parties, which had a devastating impact. “The entire market for what Party Pieces was selling went straight off the end of a cliff,” Andersen said.

The author also emphasised that there is no shame within the royal family regarding the closure of Party Pieces.

Carole and Michael’s financial troubles are just one of the problems the Middleton family is facing. 

Kate Middleton, 42, announced last month that cancer was discovered during abdominal surgery in January, after over a month of speculation about her whereabouts.