Kate Middleton is absolutely horrified that her brother James Middleton had to ask their new brother-in-law James Matthews to invest money to help save his business. There are new reports that say Pippa Middleton’s husband James invested over $128,000 to help James Middleton’s marshmallow printing business, Boomf.
Unfortunately, that amount wasn’t enough as James Middleton recently slashed the share price of his company. James Matthews reportedly bought 12,853 shares at about $10 each. And now James has just slashed the cost of his shares from $10 to about $3.50 each. Based on the new price of Boomf sales, James Matthews’ stake in the company is worth $40,900, or about three thirds less than the price he paid for it.
For Kate Middleton and Pippa Middleton, this is bad news. There’s no doubt that James Matthews has to feel irritated about the situation. He just made a bad investment in his brother-in-law’s company. Pippa and James Matthew have only been married for about a month and they are already dealing with family drama behind closed doors.
If things don’t pick up for Boomf, it might cause a rift between James Matthews and James Middleton. And that would be absolutely embarrassing for someone like Kate Middleton. The last thing she needs right now is to see her family’s drama make front-page headlines.
Plus, a lot of royal observers believe that James Matthews should have picked up on Boomf’s problems two years ago. Back in 2015, Boomf made a $1 million loss and took out a $500,000 bank loan from Barclays. To make matters even worse, James had asked Pippa Middleton’s ex-boyfriend Charlie Giles to invest in his company, too. Yet Boomf is still losing money every day.
Of course, Kate Middleton has never commented about her brother’s business dealings and it’s doubtful that she ever will. As a member of the royal family, she’s not going to endorse her brother’s marshmallow printing company. At the same time though, she doesn’t want to see James ask his new brother-in-law for financial help, either.
James Middleton hasn’t said anything about his struggling business. But if his business does end up going under, James Middleton will be the laughing stock of London’s social scene. And that’s the last thing he wants to see happen. In the meantime, don’t forget to check back with CDL for all the latest news and updates on James Middleton and the royal family right here.
Photo Credit: Getty Images
How was Boomf ever valued at £10 million? https://t.co/BIEbYc8rV5
— KateMiddletonReview (@KateMiddReview) June 17, 2017