Carole Middleton’s descent into hell, from whirlwind success to embarrassing bankruptcy

“Ah, Americans didn’t know that Kate Middleton’s mother is British Kris Jenner,” one user wrote. Carole Middleton has really taken advantage of the sudden spotlight since the release of Season 6 The crown , premiered on December 14, 2023 on Netflix. In episode 7, the former flight attendant appears ambitious, even strategic, which has led to her being compared to the famous “mother“. In certain sequences, she even appears to be working to push her daughter into Prince William’s arms. “Mommy, he’s a prince…” complains a young Kate Middleton (Meg Bellamy) in disbelief. Carole Middleton (Eve Best) then launches into a lively plea.

“Never think you’re not good enough”

“When I met your father, he was too nice to me,” we hear her say. I was just a humble flight attendant. I pushed carts.’ Before adding: “Grandmother was close to the queen’s aunt. His father had served with Prince Philip in the RAF. I felt so lucky. Then I started the family business and was so successful that your father was able to quit his job and come to work for us full time. And I realized that maybe the opposite is true. That he was the happy one. Never underestimate yourself. Never think you’re not good enough.”

We do not know if the businesswoman really made such a statement. But according to Tina Brown, an expert on the British royal family, “it is unlikely that Kate would be where she is today if her mother had not effectively helped her negotiate this royal romance.” A trip that reminds of the trip of Kris Jenner, the matriarch of the Kardashian clan. A former flight attendant, she married lawyer Robert Kardashian before banking on her daughters’ success. Carole Goldsmith (her maiden name) was born on January 31, 1955, the same year as Kris Jenner, in London.

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A dream come true

In June 1980, she married flight dispatcher Michael Middleton, whom she met while working for British Airways. The couple had three children: Kate in 1982, Pippin in 1983, and James in 1987. That year, Carole Middleton celebrated her daughter Kate’s 5th birthday. On this occasion, the mother is struggling to find jewelry worthy of the name. This disappointment gave him an idea. to start a party goods company he called Party Pieces. This decision will allow the Middletons, whom Michael in turn joined the company, to earn their fortune.

But also to send their three children to Marlborough College, a $54,525 (€49,800) a year institution, and to buy a $5.9 million (€5.3 million) mansion in the Berkshires. Or to enroll Kate Middleton in St. Andrews, a Scottish university where she will experience her first feelings with Prince William. In 2011, Carole Middleton saw her dream come true. the eldest daughter married the heir to the throne. The businesswoman is therefore invited to many royal events and befriends Elizabeth II, who shares her love for her grandchildren.

A debt of £2.6m

However, in June 2023, the dream turns into a nightmare. THE: Daily Mail: reveals that the Middletons’ business is bankrupt. According to the tabloid, the company would have accumulated a debt of 2.6 million pounds (3.1 million euros). Businesses would suffer the full force of the vagaries of Brexit, inflation or even a global pandemic. Specifically, it would have made a loss of £900,000 (€1 million) in 2021-2022. However, according to the report, which was transferred to the 2021-2022 Daily Mail:it would be “unlikely” that creditors would ever recover their debts.

Worse yet, some of them cry “betrayal”. “What hurt me the most was that I trusted her as the future king’s mother-in-law and she betrayed me,” said a spokesman for the company’s supplier. This is absolutely unacceptable.” A few months ago, in March 2023, Carole Middleton approached Interpath Consulting, a financial restructuring firm, to advise her on “strategic options” that “include a sale or the search for new investors,” she revealed. Daily Telegraph .

Party Pieces is said to have contacted a total of 175 potential buyers. Two months later, the company was placed under judicial supervision before signing a sale agreement with British millionaire James Sinclair. And this without any guarantee that the debts will ever be paid off. In October 2023, Carole Middleton explained on Instagram that the losses were part of a recovery strategy, as significant investments were made to conquer new markets in Europe, the United States and the Middle East.

“Carol accepts the fact that she was naive”

But in her private life, the businesswoman would be “desperately sad,” the unnamed source said Daily Mail:. “Carol is naturally upset and deeply disappointed by this situation,” the witness explained. Over the past five months, he has really gone out of his way to find a buyer who will not only move the business, but also pay off all outstanding debts.” The entrepreneur, however, would not avoid these difficulties. “Carole believes in taking charge and she admits she was a little naive to step back and trust someone else to run her business for decades,” the unnamed source continued. It’s incredibly sad to see the company being sold in this way.”

Credit to Kate Middleton

Especially since Carole Middleton is now in a dead end. It would be really impossible for him to start a new business. And this at the risk of further damaging her daughter’s image. “Windsor’s name was slightly tarnished when Party Pieces collapsed because of all the money he owed his employees,” said an eyewitness.ExpressUK: On November 5, 2023. According to the latter, therefore, it will be “impossible” for the chamber to agree to see the reproduction of such a pattern. “The Royal Family should be an inspiration to hard-working people, not those who seem to profit from what others have lost,” the witness said.

Thus, the Middleton couple would refuse to start a new business. “They were busy planning their next project, but have now given up any desire to start a company to protect their daughter’s reputation,” said the unnamed source. Whatever the Middletons do inevitably falls on Kate, so it’s best that her mum and dad keep a low profile.” Trouble in business, from which their son, James, also suffered. During his career, he founded five companies, most of which went bankrupt. Ella & Co, his latest company selling dog food, suffered a significant decline in assets in 2023. A curse from which only Pippa and Kate Middleton have visibly escaped.