The Princess of Wales' family has suffered a huge blow after they were forced to sell their family business as it teetered on the brink of bankruptcy.
Party Pieces was bought over on Thursday by entrepreneur James Sinclair who also owns Teddy Tastic, an ice cream firm and a property arm. Prior to her royal title, the Princess of Wales spent time working at the party supplier, which was set up by her parents.
In 1987, the supplier reportedly created the business when they were looking for colourful paper plates for Kate's fifth birthday. In order to fill the niche, the family decided to launch Party Pieces.
