Royal Family News: Carole Middleton Devastated That Her Business Collapsed

Let’s just say that the party is definitely over. Kate Middleton’s parents, Michael and Carole Middleton are beyond devastated that their business has gone bust. While they’ve managed to become millionaires thanks to their mail-order service Party Pieces, their company has gone bankrupt. The Middletons had no choice but to sell it to an investor. Keep reading below for everything you need to know.

Royal Family News – Carole Middleton Devastated That Her Business Collapsed

According to new reports, Carole Middleton is especially deeply upset that her business collapsed. What’s more, it seems like she is also utterly embarrassed over the fact that she still owes over $2 million to her credits, who will unlikely ever see their money again.

One source close to the situation told the Daily Mail, ‘Carole is understandably upset and deeply disappointed in this situation. Over the past five months she really has done her best to find a buyer, who not only would take the business forward, but would also honor any outstanding debts.

Carole believes in accountability and accepts she had been a little naïve to step back and trust someone else to run the business she had spent decades nurturing and it’s been desperately sad to see the company sold off in this way.”

Royal Family News – What’s Next For Carole Middleton?

If that weren’t enough, friends close to the Middletons also say that Carole certainly has some regrets over the way things were handled at Party Pieces these last several years.

The tipster said, “The truth is Carole had stepped back from the business over three years ago, trusting the day-to-day running to a new management team. Sadly the business took a turn for the worse and by the time she realized, it was just too late.”

So far Carole herself has not made any comments about the matter, but it’s being reported that Party Pieces owes £218,749 to RBS bank for a Coronavirus Business Interruption loan, £456,008 to other creditors and £1.4 million in unsecured loans. We’ll update you with all the latest news as it comes in.

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