Carole, the mother of the Princess of Wales, is immersed in a great crisis.
It seems that Carole Middleton, mother of Kate Middleton, is not doing very well in business and may declare bankruptcy. The businesswoman is the owner of Party Pieces, which works in the party decoration sector, and due to the paralysis imposed by the Covid-19 pandemic, the company accumulated million-dollar debts that are causing a headache for the Princess of Wales.
Party Pieces began their adventure in 1987; However, the arrival of the Coronavirus changed the course of the business, which until then was going from strength to strength. After the stoppage of activities, Carole saw how her business was unfortunately affected again, this time by the cost of living crisis in the United Kingdom. And with the disruptions came a snowball of debt.
"In October of last year, the company would have added losses equivalent to 324,000 euros, which represents an accumulated deficit of 1.53 million euros," reports the British media The Telegraph. According to the site, the owners of Party Pieces decided to seek help from a financial consultancy for guidance and planning strategic options.
Kate Middleton's mother seeks help to resolve debt
A spokesperson for the participating advisory company, Interpath, provided details about the partnership with Party Pieces. “They are working with our advisors to secure additional investment to support the business as we embark on the next phase of our growth plan,” she said. According to The Telegraph, Carole Middleton's company has about 40 employees, who are on alert due to the sad economic situation.
Carole, Kate's mother, is 68 years old. In addition to her first-born daughter, she is also the mother of Pippa and James, children from her marriage to Michael Francis Middleton. Before becoming an entrepreneur, Carole worked as a flight attendant.
And according to a biography of the Princess of Wales, Kate Middleton is the great inspiration for the business, since Carole had the idea of creating the company in the late eighties, when she was looking for decorations for the fifth birthday party of her daughter. she.
This moment must be most exasperating for the businesswoman, who in Good Housekeeping magazine had mentioned how much she loves her role in Party Pieces. “I'm not someone who sits on the couch for a long time. I have a lot of energy and I enjoy my work,” she said.
During the interview, the mother of the Princess of Wales explained the roles that Kate Middleton played in the company before her real life. "She appeared on the cover of one of the catalogs blowing out birthday candles. Then she took care of the styling and preparation of the line about first birthdays. Pippa made the blog. I continue to value her ideas and opinions," she said of her children.
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