Advisers to Party Pieces are in talks with potential buyers including Club Green about a deal that could include a six-figure dowry, Sky News learns.
Party Pieces, the online party goods supplier founded by the Princess of Wales's parents, is considering handing a six-figure sum to a buyer as part of efforts to offload the business.
Sky News has learnt that a dowry deal is one of the options being considered by Carole and Michael Middleton as they seek new owners for the company they founded in 1987. Sources said on Monday that a dowry was under discussions with prospective bidders as the Middletons and their advisers at Interpath, the restructuring firm, seek to finalise a deal.
One of the leading contenders to acquire Party Pieces is Club Green, a family-owned business which has also operated for decades in the party goods sector, the sources added. The Middletons, who conceived of the business as they were seeking inspiration for daughter Kate's fifth birthday, were reported to have instructed Interpath to find a buyer last month.The prospective dowry is said to be worth less than £1m.
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