Here are more photos of Carole and Michael Middleton at Queen Elizabeth II’s funeral. I didn’t catch it at the time, but Carole styled herself more like Camilla for the funeral, especially with that big onyx necklace. Camilla has several similar necklaces and chokers, given to her by Charles. Queen Consort Carole vibez, right? Anyway, last year, we heard an interesting story about Carole’s business, Party Pieces. It makes zero sense from a business standpoint that Party Pieces would still be a profitable, successful business providing a millionaire-lifestyle to Carole and Mike, and it absolutely looks like the bottom is officially dropping out of Party Pieces. Last year, PP recorded losses of “more than £1 million.” In 2021, PP owed £1.2 million to creditors. Now it looks like PP is recording even more losses this year:
The Princess of Wales’s parents, Michael and Carole Middleton, made enough money from their party paraphernalia business to put three children through boarding school and buy a manor house for £4.7 million.
Yet their mail-order company, Party Pieces, made a loss of almost £300,000 last year.
Newly published figures disclose that Party Pieces Holdings racked up a loss of £285,506 in 2021, making its net deficit on the balance sheet £1.35million.
The Middletons own just over half of the business, with lingerie tycoon Steven Brentwood and Darryl Eales also listed as shareholders.
A business review at the end of the accounts reports: ‘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.’
“The Middletons own just over half of the business, with lingerie tycoon Steven Brentwood and Darryl Eales also listed as shareholders.” That’s interesting, when did the Middletons sell a chunk of PP? Was it several years ago, during/after Carole’s media blitz where she was seemingly looking for people to bail out her failing company? Anyway, it sounds like PP is losing money hand over fist. I wonder when PP last turned a profit, and whether they can continue using PP as some kind of money laundering front for their marijuana factory (ALLEGEDLY).
PS… The Middletons couldn’t afford to buy their manor home – Prince William gave them the money for it.
Photos courtesy of Avalon Red.
- Carole Middleton and Michael Middleton arrives at the state funeral and burial of Britain’s Queen Elizabeth, at Westminster Abbey in London, Britain, September 19, 2022.,Image: 724081127, License: Rights-managed, Restrictions: -, Model Release: no, Credit line: Geoff Pugh for the Telegraph / Avalon
- Carole Middleton (third from left) and Michael Middleton (fourth from left) at the State Funeral of Queen Elizabeth II, held at Westminster Abbey, London.,Image: 724111600, License: Rights-managed, Restrictions: -, Model Release: no, Credit line: Dominic Lipinski / Avalon
- Michael Middleton and Carole Middleton The State Funeral of Her Majesty The Queen, Service, West Door, Westminster Abbey, London, UK – 19 Sep 2022,Image: 724158040, License: Rights-managed, Restrictions: , Model Release: no, Credit line: James Veysey/Shutterstock / Avalon
- Carole Middleton The State Funeral of Her Majesty The Queen, Service, West Door, Westminster Abbey, London, UK – 19 Sep 2022,Image: 724158170, License: Rights-managed, Restrictions: , Model Release: no, Credit line: James Veysey/Shutterstock / Avalon
- Carole Middleton The State Funeral of Her Majesty The Queen, Service, West Door, Westminster Abbey, London, UK – 19 Sep 2022,Image: 724158734, License: Rights-managed, Restrictions: , Model Release: no, Credit line: James Veysey/Shutterstock / Avalon
- WINDSOR, ENGLAND – SEPTEMBER 19: Carole Middleton and Michael Middleton arrive at Windsor Castle ahead of the Committal Service for Queen Elizabeth II on September 19, 2022 in Windsor, England. The committal service at St George’s Chapel, Windsor Castle, took place following the state funeral at Westminster Abbey. A private burial in The King George VI Memorial Chapel followed. Queen Elizabeth II died at Balmoral Castle in Scotland on September 8, 2022, and is succeeded by her eldest son, King Charles III.,Image: 724191188, License: Rights-managed, Restrictions: -, Model Release: no, Credit line: Leon Neal / Avalon
- Carole Middleton and Michael Middleton arrive for the Committal Service for Queen Elizabeth II held at St George’s Chapel in Windsor Castle, Berkshire.,Image: 724210286, License: Rights-managed, Restrictions: -, Model Release: no, Credit line: Kirsty O’Connor / Avalon
