On Thursday, entrepreneur James Sinclair took to his Instagram story to confirm that he purchased Party Pieces, which Kate Middleton’s mother founded in 1987.
Carole and Michael Middleton are saying goodbye to their nearly 40-year-old party supply company.
“Sources 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,” the outlet reported. “It was unclear what price Mr Sinclair’s company, Teddy Tastic Bear Co Ltd, had paid or how big the liabilities were that had been left behind.”
“Pippa wrote our ‘Party Times’ blog, James did the cakes when he first left school and Catherine developed our first birthday and baby category,” Carole continued. “My husband and I were young and a little inexperienced, but very enthusiastic, so we didn’t worry too much.” “My family have always been my biggest supporters and biggest critics. Their honest feedback has been invaluable in helping to shape the business. Party Pieces has evolved from just selling children’s products in the early days to curating pieces for all kinds of celebrations, including milestone birthdays, anniversaries, graduations, weddings and new babies,” she concluded.
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