The party supplier business founded by Kate Middleton ’s parents has been sold as part of a rescue deal after falling into administration. Party Pieces Holdings, which was founded by Carole and Michael Middleton in 1987, has been sold to entrepreneur James Sinclair in a pre-pack administration deal.The Middletons hired insolvency specialists from Interpath Advisory earlier on Thursday after the news broke that the company had fallen into administration following the pandemic.The business saw trading “impacted significantly” by the pandemic, pressing down on demand for party decorations and personalised gifts.