Jamie Oliver’s restaurants were near bankruptcy

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Jamie Oliver, one of the most popular television clubs worldwide known for his television programs, is facing a bankruptcy process – writes MTI. Oliver said in the Guardian report that he thanked all the guests of the past decade for their support:

It was a real pleasure to serve you ”

He added.

Jamie Oliver announced personally on Tuesday that he was forced to put his company under bankruptcy, with a pillar of Jamie’s Italian restaurant network serving two dozen restaurants. The process consists of 22 out of 25 units in Jamie’s Italian Restaurant Chain, and Barbecoa and Fifteen. The bankruptcy procedure is expected to be led by KPMG, a firm of auditors, which on Tuesday afternoon confirmed the fact that the restaurant closes and a total of 1300 employees

Waiting for 1000 people.
There are only three units operating at Gatwick Airport near London, but the operation of these restaurants is only in the short term.

Jamie’s Italian was launched in 2008, but in August last year it almost went bankrupt and only saved Oliver’s personal wealth of nearly 14 million pounds (4.9 billion forints) to keep the network of 37 restaurants at that time alive. The company has since closed 13 restaurants and laid off 600 employees.

Jamie’s Italian sales fell 11 percent to £ 101 million last year. Jamie Oliver explained the financial problems of the network with the fierce market competition and the uncertainty surrounding the consumer atmosphere, which surrounded the Brexit process.

The company’s debt stock last year exceeded £ 71 million (HUF 26.5 billion).


only the UK units, the other is the ownership structure. This is what Emese Juhász, marketing manager of the Zsidai Group, who owns the Buda restaurant, told us. “English restaurants have direct management and operation, while international restaurants operate through foreign franchise partners. partner in other regions: Benelux, Russia, etc. International restaurants have always been profitable.

Jamie’s internal communication today confirmed that although they close their UK restaurants, but still see a lot of potential in the international market, I would like to develop and be delighted that their partners are successful in the chain of restaurants abroad ”

he added.

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