Is Kate Middleton’s Family Still Drowning in Debt?
Kate Middleton Crises - In Debt | Image Credit: pagesix.com
In 2023, news broke that Kate Middleton's (now Catherine, Princess of Wales) family business, Party Pieces, had collapsed. The company, built by Carole Middleton and her husband Michael, was once a successful party supply empire that helped propel the Middletons into the upper middle class. However, the pandemic and a failed US expansion left them with a reported debt of £2.6 million ($3.16 million) [^1, ^2, ^3].
The financial woes coincided with concerning reports about Kate's health. News outlets like The Seattle Times claimed she was battling cancer and receiving support from her family [^3]. This led to speculation about whether the debt would further strain the Middletons.
Here's a breakdown of the situation and its ...