Monday, 24 June, 2019

Jamie Oliver's UK Restaurant Empire Has Gone Into Administration

Neil Wilson 
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Adrian Cunningham | 21 May, 2019, 20:26

In a statement confirming the United Kingdom administration, Jamie Oliver thanked all staff and suppliers - saying he was "deeply saddened by this outcome".

He added in a statement, according to the BBC: "I appreciate how hard this is for everyone affected".

The firm said Tuesday that it had appointed KPMG to oversee the insolvency process in the United Kingdom.

Oliver's restaurant chain is the latest victim of a rough trading environment on Britain's high streets.

Jamie Oliver has announced that his restaurant group has gone into administration.

The BBC cited a statement made by Oliver, in which he said, "I would also like to thank all the customers who have enjoyed and supported us over the last decade, it's been a real pleasure serving you".

Twenty-three of those outlets are from the Jamie's Italian chain.

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Oliver's worldwide restaurant franchise business, called Jamie's Italian global Limited, will continue to operate without disruption. "And we did exactly that".

Fifteen Cornwall, which operates under a franchise, is also not involved.

Mr Oliver is known for his Naked Chef books and TV shows, broadcast in dozens of countries, after first being shown in the United Kingdom 20 years ago.

His recruitment of youngsters for Fifteen won him an honor from Queen Elizabeth in 2003, and he used his reputation to put pressure on politicians to combat growing child obesity problems by campaigning for healthier school meals. The three remaining restaurants at London Gatwick Airport, employing about 300 workers, will remain open for a short while to allow KPMG to explore options for the sites.

Cau has disappeared, with its parent Gaucho being restructured, and other chains, including Prezzo and Carluccio's have also been forced into widespread outlet closures.

Jamie's Italian has faced significant financial challenges in recent years, with Mr Oliver previously having invested stg£13 million (€14.8 million) to save the chain from bankruptcy. Rising food prices, increasing rents and competition took a toll.