The world Famous Chef Jamie Oliver devastated that his restaurant group chain has collapsed and gone into administration, with 1000 jobs at risk of being lost.
Right now out of the 25 restaurants in Jamie Oliver’s restaurant group, 22 of them are closing with the risk of losing 1000 jobs after the business called in administrators.
“I’m devastated that our much-loved UK restaurants have gone into administration.” Jamie Oliver tweeted on his twitter account.
“I am deeply saddened by this outcome and would like to thank all of the people who have put their hearts and souls into this business over the years.”
I’m devastated that our much-loved UK restaurants have gone into administration. I am deeply saddened by this outcome and would like to thank all of the people who have put their hearts and souls into this business over the years. Jamie Oliver
— Jamie Oliver (@jamieoliver) May 21, 2019
More than 61 overseas outlets, including 25 overseas Jamie’s Italians as well as Fifteen in Cornwall, all of which are run by franchisees, are unaffected by the administration.
“The group had recently undertaken a process to secure additional investment into the business and, since the beginning of this year, Jamie Oliver has made available additional funds of £4m to support the fundraising” the administrators said in a statement.
On Jamie Oliver’s website, it announced that “Will Wright and Mark Orton were appointed Joint Administrators of Jamie’s Italian Limited, Jamie’s Italian Holdings Limited, Jamie Oliver Restaurant Group Limited, One New Change Limited and Fifteen Restaurant Limited (together the ‘Companies’) on 21 May 2019.”
“The affairs, business and property of the Companies are being managed by the Joint Administrators. The Joint Administrators act as agents of the Companies and contract without personal liability.”
“William James Wright and Mark Jeremy Orton are authorised to act as insolvency practitioners by the Institute of Chartered Accountants in England & Wales. We are bound by the Insolvency Code of Ethics.”