A business run by Kate Middleton's parents has recorded losses of more than £1million after it was hit by the coronavirus pandemic. Party Pieces Holdings' directors, which include the Duchess of Cambridge's parents Carole and Michael, claimed losses were 'forecast' and blamed the shortfall on major restructuring. The Middletons teamed up with new investors to develop their party business - which they have run since Kate was a young girl. The first four product ranges in the Party Pieces own-brand collection will be launched this summer, it revealed. Party Pieces Holdings employed 21 people during the period of the accounts September 5, 2019 to the end of December 2020.

Source: Daily Mail May 28, 2021 20:19 UTC