The Times UK reports that the mother of Princess Kate is dealing with some severe business debt. Carole Middleton’s family business, Party Pieces, has racked up over $300,000 in debt. But Carole and Michael Middleton try their best to manage it without dragging their kids into it. They aren’t seeking help from their children, including Kate, who shares a close bond with her mum. Keep scrolling to get the lowdown!
Princess Kate: Carole’s Business Grapples With BIG Debt Issues!
Princess Kate and Carole Middleton usually discuss business over the phone. But Kate’s mum is steering clear of talking finances with her right now. The Middleton family’s business has been hit hard by economic uncertainties. However, “Carole is desperately trying to keep Catherine fully focused on her recovery.”
Moreover, the situation has worsened as Princess Kate undergoes preventative chemotherapy. A source added. “The talk about the business is off limits as she needs to focus on her health.” Reports suggest that Carole and Michael are struggling to pay the firm’s insolvency costs. Their business has been in administration since June with debt piling up to over £2.5 million. Royal commentator Hagan discussed the financial crisis with UK Weekly.
He said, “Party Pieces has collapsed, and it’s been devastating for the family.” However, Hagan added, “Carole will be most concerned about the well-being Princess Kate right now.” The pandemic struck Party Pieces hard, with lockdowns and event cancellations causing major problems. Eventually, the Middletons had to sell the business to an investment firm, but the debts continued. The new owner, James Sinclair, revealed that the couple didn’t cash in big from the sale.
Additionally, a source revealed that the mum of Princess Kate has been trying her best to find a buyer. The one who would not only keep the business going but also pay off the debts. Moreover, Carole feels accountable for trusting someone else to run the business she had spent decades nurturing. So, seeing it sold off like this has been really tough for her. Tough times! Anyway, stay tuned to TV Season & Spoilers to follow up on the issue and get more updates on Princess Kate!