The parents of the Princess of Wales, Kate Middleton, are successful entrepreneurs.
They were able to offer a good life to Kate Middleton and their two other children.
According to the Daily Mail, Kate Middleton’s parents have lost a lot of money and are on the verge of bankruptcy.
Blow to the parents of the new Princess of Wales, Kate Middleton, 40 years old. Michael and Carole Middleton own more than half of Party Pieces Holdings. The company specializes in the sale of party items. And according to the Daily Mail of October 4, 2022, it is a very successful company. Kate Middleton’s parents’ business reportedly earned the Middletons “enough money to board three children and buy a mansion for £4.7 million”. But according to the latest figures published, the business of the in-laws of Prince William, Prince of Wales, recorded a loss.
Party Pieces Holdings recorded a loss of almost £300,000 in 2021. A loss of £285,506, according to the Daily Mail, to be exact. With this loss of 300,000 pounds, the company of the parents of Kate Middleton, Princess of Wales, thus records a net deficit of a colossal value of 1.35 million pounds. The Daily Mail recalls that the parents of the new Princess of Wales are majority shareholders in this company. Steven Brentwood and Darryl Eales are also shareholders of Party Pieces Holdings.
Kate Middleton: hope despite the large deficit and the bankruptcy of her parents’ business
The deficit in the business of the grandparents of Princes George and Louis, and Princess Charlotte is seen as the announcement of bankruptcy. However, company executives remain confident given the revenue generated from retail sales. “During the year, the company recorded an impressive 18% increase in retail revenue despite a difficult period for UK retailers,” reports the Daily Mail. “The after-tax loss represents the continued investment in the company’s growth plans, including […] the opening of new territories in the United States, Europe and the Middle East”, specifies the media. British.
Catherine (Kate) Middleton, Princess of Wales © Julien Burton / Bestimage