No one is immune to hard knocks when starting their own business. If some start from nothing to achieve everything, rare are the routes without pitfalls or difficulties. The Middleton clan is the proof! Kate Middleton could have become one of her parents’ associates or right-hand man if her destiny had not made her cross paths with a certain William in St Andrews. Carole and Michael, the Duchess’s parents, started their business in party supplies, a company called Party Pieces. If it has made them happy so far, the recent financial results have brought them down from their cloud.
the DailyMail obtained information regarding the financial health of the Middleton business. And the least we can say is that the recipes are not as good as expected. According to the documents, Party Pieces recorded a loss of 285,506 pounds (nearly 330,000 euros) increasing the company’s deficit to 1.35 million pounds. It must be said that the long period of the pandemic, punctuated by confinements and health restrictions, must not have helped the case of the company.
However, the leaders want to be reassuring about this significant loss and do not want to cry bankruptcy too quickly: “During the year, the company recorded an impressive 18% increase in retail revenue despite a difficult period for UK retailers. 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.“It’s called taking risks, but unfortunately for the Middletons, it doesn’t always work out.
James Middleton has also embarked on several businesses, including the company Boomf, which specializes in the personalization of marshmallows. Despite all the energy and goodwill that Alizée Thévenet’s husband put into this project, the company went bankrupt. James Middleton found himself forced to sell his baby. Despite this, he still faces financial problems. Last July, he was even the target of an investigation concerning a suspicious payment despite the sale of the activity. Like what money does not always bring happiness!