Princess of Wales's parents' party goods firm sold

The enactment goods concern started by the Princess of Wales's parent has been sold aft falling into administration.

Party Pieces was launched successful 1987 erstwhile Carole Middleton was looking for inspiration for her girl Kate's 5th day party.

The concern has been bought by entrepreneur, James Sinclair, for an undisclosed sum.

The institution was initially tally from the four-bedroom household location successful Bradfield, Berkshire.

Its caller proprietor purchased the message bid concern done a alleged pre-pack administration, wherever a institution is enactment into medication but past instantly sold on.

The administrators, Interpath Advisory, said trading had been affected importantly by the pandemic and with unit connected cashflow increasing, the directors sought to research a fig of options.

Party Pieces has present been sold to Teddy Tastic Bear Company, 1 of a fig of businesses owned by Mr Sinclair.

It is understood the company's 12 employees volition beryllium transferred crossed to the caller owner.