Carole and Michael Middletons, parents Princess Kate ended last year on a negative balance sheet. Their company suffered losses of over a million funtw. The coronavirus pandemic had a huge impact, which caused restrictions to apply for a long time.
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Princess Kate and Prince William in the 10th wedding anniversary video. The whole family is included
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Princess Kate’s parents lost a lot of money. What do they do?
Parents Prince Kate they do not come from aristocratic circles. Years ago, they both worked for British airlines and met each other there. Michael was a flight attendant and Carole a flight attendant. After some time, they quit working for someone and more than 30 years ago founded a joint company – Party Pieces. Since then, they have been producing and selling party gadgets. The assortment includes accessories for all occasions: birthdays, weddings, banquets. You can order from Middletons:in. balloons, disposable tableware, paper decorations, garlands, candles and flowers. Unfortunately, the pandemic left its mark as parties and larger gatherings could not be held for a long time. Business fell into decline. At the same time, the owners of the company deny that the losses have anything to do with Brexit.
During the year, the company prepared for the end of the transition period and the UK’s exit from the single market. The trade deal that was agreed brought about new processes in the import and export of goods, however, the company did not experience a significant impact, the company’s financial statements read.
This year the restrictions have been loosened, it is possible to organize parties again, which may allow Princess Kate’s parents to bounce off the bottom.
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