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Wales Online
Wales Online
National
Neil Shaw

Princess of Wales' parents company sold after falling into administration

Michael Middleton Carole Middleton Party Pieces James Sinclair Catherine Middleton

The company founded by the parents of the Princess of Wales has been sold after it collapsed into administration, reports Sky News.

Party Pieces Holdings, launched by Carole and Michael Middleton in 1987, has been bought by businessman James Sinclair, who owns Teddy Tastic Bear Co Ltd.

Interpath Advisory is understood to have been appointed as administrator on Thursday morning, and a number of companies bid to buy Party Pieces.

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