Carole and Michael Middleton, parents of Kate, Princess of Wales, have sold their party planning business after fears of becoming insolvent, according to reports. The Middletons, who were guests at the Coronation earlier this month, launched their company Party Pieces Holdings in 1987 but it has now been bought by entrepreneur James Sinclair for an undisclosed sum.
Sky News said the sale had been implemented through a pre-pack administration, meaning it had appointed insolvency practitioners before being sold without some of its liabilities.
So far it is not clear how much Mr Sinclair’s company, Teddy Tastic Bear Co Ltd, has paid or how big the liabilities were that had been left behind.
Mr Sinclair “operates a 30m business which …
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