Carole and Michael Middleton, the parents of Kate Middleton, have been experiencing financial and business difficulties this year.
Although they had a thriving party planning business that allowed them to provide a comfortable life for their three children, they are now facing serious problems.
After selling their business and being criticized for having outstanding debts, they are making sacrifices to avoid damaging the reputation of their daughter, Princess Kate Middleton.
Kate Middleton’s parents’ business
According to the British newspaper Express, the princess’s parents registered a company called “First Birthdays” in the UK a few years ago with the intention of launching it once they had sold their Party Pieces empire.
However, due to the collapse of their party planning business, Carole and Michael decided to abandon their business plans.
The Middletons created the “First Birthdays” company in 2006 to secure the name, but it has been dormant ever since.
According to a close source consulted by the British newspaper, the couple had plans to continue their business, but have decided to shelve it to protect their daughter’s reputation.
“The couple have been busy planning their next move, but have now scrapped any future business plans to protect their daughter’s reputation,” the source said. “Anything the Middletons do will inevitably come back to bite Kate, so it’s best for her mom and dad to keep a low profile going forward.”
Despite the financial and business problems they have faced, Carole and Michael Middleton are willing to make sacrifices to protect their daughter and ensure her reputation is not damaged, especially since she will one day become Queen of England.