This ad will be closed automatically in X seconds.

Party Pieces considers sale

It has been reported that following the appointment of advisors, Interpath, Carole Middleton’s business is now seeking new owners.

In documents recently filed to Companies House, it was revealed that two of Party Pieces’ three financial backers had stepped down as directors. Lingerie tycoon, Steven Brentwood, and former chairman of Oxford United Football Club, Darryl Eales, have now left the company. American millionaire, Eric Anderson, is the only director remaining alongside Carole and Michael Middleton.

Partyworldwide.net understands that several party suppliers are interested in acquiring the business, with at least one registering its interest at this time.

Sky News has reported that a dowry deal is one of the options being considered by Party Pieces, as it seeks new owners. In such instance, a six-figure sum would be given to a buyer as part of efforts to offload the business.

The story also reported that in information circulated to potential bidders, Party Pieces has shown ‘some recent UK performance contraction during international expansion and focus on margins.’

MORE NEWS
SiLC 24 (1)
 
Early bird tickets for the Products of Change Sustainability Conference (SiLC) 2024 are now available for a limited time only. ...
Care Bears Rubies (2)
 
Rubies has announced the launch of its new adult Care Bears costume collection for EMEA....
A Party Palace (2)
 
South West London indie, A Party Palace, will close its doors for the final time on Saturday 24 February, 2024....
Make it Magic (1)
 
Make it Magic owner, Pete Gallagher is calling for stronger policing following continual thefts from his store....
The Gruffalo (1)
 
The Gruffalo has been named as the most popular first read for British children as the UK prepares to celebrate World Book Day....
Spring & Autumn Fair (1)
 
Spring & Autumn Fair's new advisory board is designed to drive the continuous enhancement of the two shows, ensuring UK retail has a thriving marketplace to do business in....
Get the latest news sent to your inbox
Subscribe to our daily newsletter