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21 May 19
12:55
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Date Joined:
05 Apr 06
Jamie Oliver restaurant empire collapses, risking 1,000 jobs
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https://www.theguardian.com/food/2019/may/21/jamie-oliver-jobs-administrators-restaurants-jamies-italian
Jamie Oliver’s restaurant empire is calling in administrators, putting more than 1,000 jobs at risk.
The company, which includes 23 Jamie’s Italian outlets, plus the Fifteen and Barbecoa restaurants in London and Jamie’s Diner at Gatwick airport, said KPMG would be appointed as administrator.
Oliver said: “I am deeply saddened by this outcome and would like to thank all of the staff and our suppliers who have put their hearts and souls into this business for over a decade. I appreciate how difficult this is for everyone affected.
“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.
“We launched Jamie’s Italian in 2008 with the intention of positively disrupting mid-market dining in the UK high street, with great value and much higher quality ingredients, best-in-class animal welfare standards and an amazing team who shared my passion for great food and service. And we did exactly that.”
The administration could mark the end of Oliver’s UK restaurant empire, which began with the opening of Fifteen in London in 2002.
.
https://www.theguardian.com/food/2019/may/21/jamie-oliver-jobs-administrators-restaurants-jamies-italian
Jamie Oliver’s restaurant empire is calling in administrators, putting more than 1,000 jobs at risk.
The company, which includes 23 Jamie’s Italian outlets, plus the Fifteen and Barbecoa restaurants in London and Jamie’s Diner at Gatwick airport, said KPMG would be appointed as administrator.
Oliver said: “I am deeply saddened by this outcome and would like to thank all of the staff and our suppliers who have put their hearts and souls into this business for over a decade. I appreciate how difficult this is for everyone affected.
“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.
“We launched Jamie’s Italian in 2008 with the intention of positively disrupting mid-market dining in the UK high street, with great value and much higher quality ingredients, best-in-class animal welfare standards and an amazing team who shared my passion for great food and service. And we did exactly that.”
The administration could mark the end of Oliver’s UK restaurant empire, which began with the opening of Fifteen in London in 2002.
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i doubt jamie oliver is in trouble, but his restraunt chain is, and has been for a while.
i wonder how much he has made from them, or lost?
i wonder how much he has made from them, or lost?
He has lost a lot personally. He makes so much money that I don't think he will suffer except for his pride. He tried to do something good and it went wrong. Good luck to him for that.
The only real downside is that ventures likes his pushed up rental prices and many food chains are paying astronomical rents now. It was the buzz industry for these gamers to get into at one point.
The only real downside is that ventures likes his pushed up rental prices and many food chains are paying astronomical rents now. It was the buzz industry for these gamers to get into at one point.
These celebrity chef's seem to make hopeless business people.
Jamie is not the first one to go bust.
I think one problem is people expect to see the celebrity chef at the restaurant, and he cannot be everywhere.
Jamie is not the first one to go bust.
I think one problem is people expect to see the celebrity chef at the restaurant, and he cannot be everywhere.
He's probably pasta caring.
Given he blamed shutting a few branches of his overpriced bad value chain a while ago on "Brexit", it's pretty much impossible to have any sympathy..
Given he blamed shutting a few branches of his overpriced bad value chain a while ago on "Brexit", it's pretty much impossible to have any sympathy..
And he also blamed the minimum wage being too high.
I guess he wanted to pay all those who put their “heart and soul” into their work, a fiver an hour.
I guess he wanted to pay all those who put their “heart and soul” into their work, a fiver an hour.
Administrators appointed to Jamie Oliver’s restaurant empire have closed all but three of the company’s restaurants, in a move that will see around 1,000 employees lose their jobs.
The company, which includes 22 Jamie’s Italian restaurants in the UK as well as the celebrity chef’s Fifteen and Barbecoa restaurants, on Tuesday appointed accounting firm KPMG as administrator.
“Unfortunately, with insufficient funds available to be able to trade the business in administration, all but the Gatwick airport restaurants have now closed,” joint administrator Will Wright, a partner in KPMG, said in a statement.
The company, which includes 22 Jamie’s Italian restaurants in the UK as well as the celebrity chef’s Fifteen and Barbecoa restaurants, on Tuesday appointed accounting firm KPMG as administrator.
“Unfortunately, with insufficient funds available to be able to trade the business in administration, all but the Gatwick airport restaurants have now closed,” joint administrator Will Wright, a partner in KPMG, said in a statement.
Over the course of several months in 2017 and 2018, the chef was forced to inject almost £13m of his own money into the company to save it from bankruptcy.
Discussing that move, the celebrity chef said a “perfect storm” had brought his restaurant chain to the brink, blaming a combination of high rents, rates, food costs, a decline of the high street, Brexit, and the increase in the minimum wage.
Last year, the group sold five of its Australian restaurants in a last-minute rescue deal, while a sixth was forced to close.
Discussing that move, the celebrity chef said a “perfect storm” had brought his restaurant chain to the brink, blaming a combination of high rents, rates, food costs, a decline of the high street, Brexit, and the increase in the minimum wage.
Last year, the group sold five of its Australian restaurants in a last-minute rescue deal, while a sixth was forced to close.
Anyone know which of his companies has been put in administration. Is Jamie Oliver Holdings still up and running?
These people are suppose to be the brains of society?
Yet even with all the dirty back door stuff they get up to they still cost people their jobs and livelihoods ffs
How the heck can you be making the money he makes and still go bankrupt? don't worry though people, he'll be on a BBC programme giving out financial advice in the not to distant future
The world lost the plot a long time ago, by that I mean the gullible public who eat up all their bull s***
Yet even with all the dirty back door stuff they get up to they still cost people their jobs and livelihoods ffs
How the heck can you be making the money he makes and still go bankrupt? don't worry though people, he'll be on a BBC programme giving out financial advice in the not to distant future
The world lost the plot a long time ago, by that I mean the gullible public who eat up all their bull s***
Of course its brexit partly to blame
The same "brexit" that we never even got? they've cancelled it the past two times
How anyone is still falling for that load of s*** really does amaze me
The same "brexit" that we never even got? they've cancelled it the past two times
How anyone is still falling for that load of s*** really does amaze me
May 21, 2019 -- 3:28PM, mad mad moon wrote:
And he also blamed the minimum wage being too high.I guess he wanted to pay all those who put their “heart and soul” into their work, a fiver an hour.
The minimum wage probably is to blame though
Simple economics will tell you everytime the minimum wage goes up the companies are forced into raising the cost of their goods, ending up meaning no one can afford to buy it
We are consumer economy after all, if no one is buying anything then its not good
The stock market is still rising though so it all good ...
Jezza is promising Under 18s £10 an hour. Good luck High Street!
One of those restaurants that fell between two stools,charging fairly high prices for moderate food.his director of operations who happens to be his brother in law getting plenty of pelters too,one report says he was completely obnoxious,obsessed with cost cutting over quality,so it doesn’t sound like a very nice company to work for.just for good measure they also mention he had previously been banned from the city for insider trading.
One of those restaurants that fell between two stools,charging fairly high prices for moderate food.his director of operations who happens to be his brother in law getting plenty of pelters too,one report says he was completely obnoxious,obsessed with cost cutting over quality,so it doesn’t sound like a very nice company to work for.just for good measure they also mention he had previously been banned from the city for insider trading.
How can any business blame the minimum wage?
Pathetic!
If you can't afford to pay someone £8 or whatever it is an hour maybe your business is not worth bothering with!. WHo on minimum wage lives in their own house? Who on minimum wage at least rents their own place? How many on minimum wage have to share accommodation?
What a society we live in. Go into any restaurant in central London and you will find foreigners serving. Nothing against them but what sort of life is it to live in multi share accommodation? I am glad these businesses fail if they can't afford to pay decent wages.
Pathetic!
If you can't afford to pay someone £8 or whatever it is an hour maybe your business is not worth bothering with!. WHo on minimum wage lives in their own house? Who on minimum wage at least rents their own place? How many on minimum wage have to share accommodation?
What a society we live in. Go into any restaurant in central London and you will find foreigners serving. Nothing against them but what sort of life is it to live in multi share accommodation? I am glad these businesses fail if they can't afford to pay decent wages.
Had brekkie at Gatwick at his joint there--crap! If you put your name to something at least make it half decent. At the time I thought this wont last.
The fact his chain was constantly on Groupon spoke volumes. Sure not a route they thought would be required. Still not enough. On a positive note, glad to see Groupon have taken it off their site swiftly.
All true whispering,the tip situation in a lot of restaurants doesn’t favour the staff on low wages either.when I go out to eat these days always make sure I give the waiting staff a cash tip,putting it on the card is not likely to get back to those that deserve it.
Minimum wage in the south east is hopeless. Up north you can certainly live ok.
Oliver made no secret of his reliance on foreign labour. People who share accomodation and can just about afford to do low paid jobs in London.
We're a slave labour economy. Relying on cheap overseas labour who we expect to live 3 to a room
Oliver made no secret of his reliance on foreign labour. People who share accomodation and can just about afford to do low paid jobs in London.
We're a slave labour economy. Relying on cheap overseas labour who we expect to live 3 to a room
I have read for years that the brother in law was a vole, and was bringing the business down. Jamie must have decided to give him the job, so entirely culpable imo.
Lots of new ones including Jamie's(closed) opened in Chelmsford
when made a city and they are all struggling except for
Friday/Saturday night on the whole as most don't go out
other nights of the week.
when made a city and they are all struggling except for
Friday/Saturday night on the whole as most don't go out
other nights of the week.
It’s being reported that JO gave personal guarantees to hsbc when they gave a £37m loan to the company last year.dont know how much he’s worth but would imagine that would be a sizeable chunk of his wealth if they were to go for him.
Jamie Oliver has a net worth of £240 million ($304,700,000) as of May 2019, according to Spear's. Born James Trevor Oliver in 1975, the "Naked Chef" lived with his parents who owned a pub in Essex,
Cheers aka,won’t lose any sleep for him tonight then! That’s a hell of a lot of money from tv & cook books.
Just had a quick check,delia Smith is worth £36 m,crikey been in the wrong game.
240m and his business has still gone caput ?
No doubt he wont be helping out any of the 1000 people who are now on the scrap heap
No doubt he wont be helping out any of the 1000 people who are now on the scrap heap
It`s the workers and his creditors that I feel sorry for.
To answer a question earlier in the thread .....
A spokesperson for the Jamie Oliver Group said: "The board of Jamie's Italian Limited has appointed Will Wright and Mark Orton of KPMG to put its UK-based restaurant business into administration.
Jamie Oliver Holdings, which operates Jamie Oliver Limited and Jamie Oliver Licensing Limited, as well as the international restaurant franchise business, Jamie's Italian International Limited, will continue to trade as normal.
Some very good points raised on this thread.
I returned to the UK in January, having spent the previous eleven years in Dubai.
There are more similarities in the operation of both economies than you may first imagine.
The most striking one is the use of non indigenous labour, many of whom are prepared to live in shared accommodation as part of their dream to create a better live for themselves and their families back home.
I spent the last few days of my time in Dubai in a hotel near the Deira City Centre mall.
Given that it was January, I was able to explore parts of the city on foot that I had scarcely ever visited.
In some areas, it was like I had walked from Dubai to Karachi and I saw countless discount stores that were open all hours and full of customers.
Return to the UK, and what are the busiest shops I see, it's the likes of Poundland and Home Bargains.
Another striking similarity.
As you go through life, your view of the world around you is highly dependant of the personal situation you find yourself in.
All too often, we are only able to appreciate other views when our personal circumstances change.
Wouldn't it be nice if we could all be a bit less selfish, display a lot more empathy, and go out of our way to help those less fortunate than ourselves.
A spokesperson for the Jamie Oliver Group said: "The board of Jamie's Italian Limited has appointed Will Wright and Mark Orton of KPMG to put its UK-based restaurant business into administration.
Jamie Oliver Holdings, which operates Jamie Oliver Limited and Jamie Oliver Licensing Limited, as well as the international restaurant franchise business, Jamie's Italian International Limited, will continue to trade as normal.
Some very good points raised on this thread.
I returned to the UK in January, having spent the previous eleven years in Dubai.
There are more similarities in the operation of both economies than you may first imagine.
The most striking one is the use of non indigenous labour, many of whom are prepared to live in shared accommodation as part of their dream to create a better live for themselves and their families back home.
I spent the last few days of my time in Dubai in a hotel near the Deira City Centre mall.
Given that it was January, I was able to explore parts of the city on foot that I had scarcely ever visited.
In some areas, it was like I had walked from Dubai to Karachi and I saw countless discount stores that were open all hours and full of customers.
Return to the UK, and what are the busiest shops I see, it's the likes of Poundland and Home Bargains.
Another striking similarity.
As you go through life, your view of the world around you is highly dependant of the personal situation you find yourself in.
All too often, we are only able to appreciate other views when our personal circumstances change.
Wouldn't it be nice if we could all be a bit less selfish, display a lot more empathy, and go out of our way to help those less fortunate than ourselves.
Nicely put Angose. The bigotry, ignorance and lack of empathy for human beings displayed on these forums is shocking.
Thanks Angoose - you answered the question I posted yesterday........Anyone know which of his companies has been put in administration. Is Jamie Oliver Holdings still up and running?
So, the bits that have gone bust, are not the bits that are key to Jamie's personal finances. These are still trading! Do I have it right
So, the bits that have gone bust, are not the bits that are key to Jamie's personal finances. These are still trading! Do I have it right
Limited liability but no doubt some hefty personal guarantees. His book and TV businesses are separate.
Surprising that Brakes catering supplies appears to be the largest creditor apart from hsbc.i was under the impression that the Oliver restaurants pushed the organic,self sustaining,locally sourced product.my local pub gets his supplies from brakes & the ‘chef’ is a master at using the microwave.
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