Kate Middleton’s parents sell their business Party Pieces Holdings to James Sinclair; Details here

Party Pieces Holdings which is an online party goods supplier founded by Kate Middleton’s parents was sold to James Sinclair, as per Sky News report. Carole and Michael Middleton launched the company in 1987, but on Thursday, it was sold to the entrepreneur.

The media outlet’s sources have revealed that the purchase had been implemented through a pre-pack administration, which means practitioners for insolvency were appointed before being sold without some of its liabilities. However, it remains unclear what was the price that Sinclair’s firm Teddy Tastic Bear Co Ltd gave for Kate Middleton’s parents’ company.

James Sinclair’s personal website states that he operates businesses of around £30 million including a range of industries such as leisure, childcare, outdoor attractions, commercial property, arts and crafts manufacturing along with the UK's oldest ice cream company, The Rossi Ice Cream Company. The report further states that Middleton’s parents had initially eyed selling Party Pieces Holdings with a dowry and averting insolvency. But, it was not possible to achieve.


On Thursday morning, as per the report, Interpath Advisory is believed to be appointed as administrator in court. Among bidders for Party Pieces Holdings, there was Club Green which is also a family-owned business in the party goods sector. Just earlier this year, Middletons had appointed Interpath to find a buyer for Party Pieces, which was started when they were looking at the inspiration for Kate Middleton’s fifth birthday.

FAQs:

Q1:What did Party Pieces Holdings do?
Party Pieces Holdings was started to organise imaginative children’s parties. Eventually, the company’s services expanded to selling party decorations, tableware and personalised gifts.

Q2:Who is the Princess of Wales?
Kate Middleton