Amidst mounting speculation, Prince Harry and Meghan Markle, the Duke and Duchess of Sussex, are reportedly contemplating the closure of their company and foundation, Archewell.
Established in 2020 following their decision to step down from their royal roles and relocate to the United States, Archewell initially showcased promise with collaborations including a successful partnership with Netflix for the production of the acclaimed docuseries, "Harry & Meghan." However, their venture with Spotify faced setbacks, culminating in its collapse after just one season of Meghan's podcast.
With the future of their multi-million-dollar deal uncertain and recent financial losses casting a shadow over the company's prospects, Harry and Meghan may be evaluating alternatives, including a potential collaboration with Paramount Pictures.
Rumors of discussions with Paramount Pictures were sparked by the couple's attendance at the Bob Marley biopic premiere in Jamaica, reportedly on an all-expenses-paid luxury trip arranged by the studio.
The departure of five senior employees from Archewell over the past 14 months, including Bennett Levine, Mandana Dayani, Rebecca Sananes, Fara Taylor, and Ben Browning, has further fueled speculation about the company's stability and direction.
While the reasons behind these departures remain undisclosed, the successive exits of key personnel raise questions about the internal dynamics and future trajectory of Archewell.
As of now, there has been no official statement from Prince Harry and Meghan Markle regarding the potential closure of Archewell, leaving the company's fate uncertain amidst ongoing speculation and scrutiny.
