Kate Middleton’s family business has gone bankrupt and left a debt of millions of euros

Kate Middleton’s family business was founded in 1997 by her parents, but, unfortunately, it has officially gone bankrupt, with a debt of more than 3 million euros. The Middletons’ company provided mail-order party services and went on to generate a decent fortune for her family.

Party Pieces, the family business owned by Kate Middleton and her parents Carole and Michael Middleton, has officially filed for bankruptcy after a large undischarged debt of over 3.4 million euros.

A specialist assures that Party Pieces was very affected by the quarantine executed due to the COVID-19 pandemic since they were in a great period of economic recession that could not be overcome. The businessman gave a detailed account of the causes, stating that the company was £2.59 million short of paying off all its debts. 

“Party Pieces was profoundly affected by the effects of the pandemic and subsequent restrictions on social gatherings,” said Will Wright of the administrator group Interparty Advisory.

It was thanks to this company that the family of the beautiful Princess Kate Middleton belonged to the upper middle class in the UK and it is a disgrace that they have to close the doors due to a global pandemic. Undoubtedly, COVID-19 affected all people, including those related to issues of monarchy and great power.