![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/biggest-royal-business-flops-revealed-including-sitcom-dropped-after-one-series/&media=https://uknews.evprotec.com/wp-content/uploads/2023/09/newspress-collage-23914564-1694535620797.jpg&description=THEY'RE known as The Firm - but when members of the Royal Family have tried to make it in the world of business, it hasn't always gone to plan. Peter Phillips is the latest to launch a new venture, with the 45-year-old sharing plans for the UK's largest ice rink to be opened at Kensington Palace this winter. 10 Peter Phillips - said to have been the late Queen's favourite grandson - is the latest member of the Royal Family to launch a new business venture Credit: Getty - Contributor 10 He's shared plans for the UK's largest ice rink at Kensington Palace Credit: SUPPLIED But it's no secret that Princess Anne 's son hasn't got the best track record with business endeavours. After graduating from university, Peter turned his hand at event management, setting up corporate entertainment company Tailor Made Hospitality Limited in 2001. Sadly it didn't get the party started and was horribly in the red with net liabilities of £140,000 when it last filed accounts in 2003. Seemingly unperturbed Peter, said to be the late Queen 's favourite grandson, stuck with corporate entertainment – this time for the Williams' Formula 1 racing team. The since-disgraced banker Fred 'The Shred' Goodwin, who was stripped of his knighthood after his role in bringing down the Royal Bank of Scotland during the 2008 financial crash, hired him to run its sponsorship of the team in 2005. This placed him amid what was later described as an 'exceptionally lavish set-up' in which phenomenal sums were spent on hospitality for guests during races. Peter then came under fire in 2020 for trading on his royal connections in a Jersey milk advert which appeared on Chinese TV. The Jersey milk was sold by a multinational corporation called Bright Dairies - owned by the Shanghai municipal government. 10 Peter came under fire in 2020 for appearing in an advert for Jersey milk on Chinese TV It's thought he raked in "tens of thousands" of pounds for the appearance, but it didn't do his reputation much good. The Ca){kind=link}
THEY’RE known as The Firm – but when members of the Royal Family have tried to make it in the world of business, it hasn’t always gone to plan.
Peter Phillips is the latest to launch a new venture, with the 45-year-old sharing plans for the UK’s largest ice rink to be opened at Kensington Palace this winter.
But it’s no secret that Princess Anne’s son hasn’t got the best track record with business endeavours.
After graduating from university, Peter turned his hand at event management, setting up corporate entertainment company Tailor Made Hospitality Limited in 2001.
Sadly it didn’t get the party started and was horribly in the red with net liabilities of £140,000 when it last filed accounts in 2003.