British Royal News suggests that things aren’t looking very good for Kate Middleton’s parents, Michael and Carole Middleton. That’s because their business, Party Pieces, has recorded significant loses yet again. Here’s what you need to know.
British Royal News: Carole Middleton’s Business Has Recorded Significant Loses Yet Again
According to a new report, Party Pieces has seen a loss of £285,506 in 2021, making its net deficit on the balance sheet £1.35 million. One source close to the situation even said, “During the year, the company has seen an impressive 18 per cent increase in retail revenue despite a challenging time for UK retailers. The post-tax loss represents the continued investment in the company’s growth plans, including the launch of a wholesale division and the opening of new territories in the U.S., Europe and Middle East.”
Of course, it didn’t take very long for both royal fans and critics alike to weigh in on the matter. Many of them commented with, “I can’t imagine Party Pieces will be able to last much longer. I’m amazed it’s still operating at this point with Amazon in existence. I hope Middleton Manor was paid in full,” along with, “I’m not surprised they’re losing so much money. Even with the pandemic, it feels like specialty party stores are just not really necessary anymore. We’ve had one in my area for about 20 years and its sadly closing next month, but I think the main reason people use it is to fill up balloons with helium (balloons they bought elsewhere.) Even growing up that was the main reason we went to Party City or wherever, it wasn’t for the paper products, it was just for the balloons. Well PP isn’t selling helium filled balloons online I’m assuming.”
British Royal News: What’s Next For The Middletons?
Another critic said, “As others have pointed out, speciality shops are dying in general so yeah it makes sense that they’re seeing losses. I don’t think PP will ever shut in Carole and Mike’s lifetime though. I reckon once their gone their kids will sell it off. Kate can’t take over obviously, James is terrible with business and I don’t think Pippa’s interested so yeah, selling it off or dismantling it makes sense.”
And then there was this comment, “It never made sense to me that this was a business that (allegedly) made millions. Most of the stuff it sells is cheap plastic tat – you can pick up better stuff from any supermarket or on the high street, or even Amazon. It was never going to make big ticket money, and was never a well-known brand in the UK. I simply don’t believe that the Middletons’ apparent wealth is down to this business.”
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