Carole Middleton has owned a children’s party decoration business since 1987.
Carole Middleton, Kate Middleton’s mother, is having serious financial problems in its business and has already accumulated losses of 1.53 million euros (accumulates R$ 7.4 million). The Princess of Wales’s mother has even hired consultants for a possible sale of the business, which she is grappling with declining sales, but she fears she will have to file for bankruptcy. The information comes from Telegraph.
A Prince William’s mother-in-law founded Party Pieces in 1987, a company specializing in the sale of party decoration items. According to the publication, the effects of the covid-19 pandemic and the cost crisis put the company’s sustainability at risk. Last October the company will have accumulated losses of 324 thousand euros, leading to an accumulated deficit of 1.53 million euros (7.4 million R$).
The search for financial advice came after a troubled time with declining sales over the crucial Christmas period. In addition to a dispute with suppliers for attempts to extend payment terms to 90 days from the usual 30 days
Carole Middleton started the business in 1987 at her kitchen table, looking for inspiration for her daughter Kate’s fifth birthday party.
Source: Terra
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