Jul 22, 2009, 11:00 GMT
Britain's Princess Michael of Kent faces losing her job.
The royal, nicknamed 'Princess Pushy', is having her position reviewed after antiques company Partridge went into administration.
Princess Michael's spokesman said: "It is early days and a difficult time for everyone. She's absolutely sympathetic and supportive to the owners."
The princess became president and 'roving ambassador' of the firm in 2007 and reportedly enjoyed a six-figure salary and commission - even though the company lost £1.5 million in 2006.
A spokesman for Partridge has blamed the global financial downturn for the company's problems.
He said: "The general economic picture certainly hasn't helped.
"The impact had already hit the lower and middle sector of the market, now we are seeing it hit the top end too."
Partridge Fine Art opened in 1902 and supplied Queen Mary with antique furniture.
Other prominent customers have included the late Princess Diana's father Earl Spencer, King George VI, the British Museum and New York's Metropolitan Museum of Art.
Queen Elizabeth once reportedly joked: "This firm is more grand than we are."
Partridge, which has suffered from a decrease in demand for antiques, will continue to trade until a deal is reached.
Spokesman Andrew Stoneman said: "This is a world famous fine art dealer with a strong and loyal customer base.
"It is too early to determine why it has gone into administration. We are concentrating on saving it and selling the store as a going concern, thus saving a piece of history as well as the employment of those working there. We are confident that there will be a significant amount of interest."
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