Princess Kate's parents, Carole and Michael Middleton found incredible success with their brand, Party Pieces, but a new report suggests that the husband-and-wife duo will be taking a step back from their company.
According to MailOnline, the doting grandparents plan to sell their company in the coming weeks, to be able to focus their time on their six grandchildren. The publication reported that the couple, who own just over half of their business, has appointed strategic advisers at the company Interpath who are helping them look for investors to buy their shares.
Neither Carole or Michael have spoken publicly about their alleged plans.
The news has come just months after the company launched in America. Speaking about her launch overseas, the royal grandmother shared: "It's very exciting to see our Party Pieces Collection expanding into the U.S. starting with Saker ShopRites, a leading retailer in New Jersey and family-owned business with a long history of commitment to the customers and communities its stores serve.
"This is the culmination of great teamwork, and we’re happy to partner with Saker ShopRites for our initial launch."
It comes only a year after a successful e-commerce launch in the UK, which saw Party Pieces Collections quickly become a best-selling range for the brand
Carole and Michael launched their company after planning eldest daughter Kate's fifth birthday party and finding the partyware on the market lacking.
When Princess Kate and her brother and sister James and Pippa were older, Carole involved them in the business – in fact, the Princess of Wales was the one to develop the first birthday and baby category of the company.
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Speaking to SheerLuxe, Carole spoke about juggling the demands of motherhood along with running a business when her children were younger. "I had to be really organised, get up early and fit my work into school hours, while after-school clubs sometimes gave me the gift of an extra hour or two," she said.
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