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Entertainment 1300 jobs affected: celebrity chef Jamie Oliver files for bankruptcy: his restaurant chain is bankrupt

17:40  21 may  2019
17:40  21 may  2019 Source:   stern.de

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LONDON — The celebrity chef Jamie Oliver put his British restaurants into administration, a form of bankruptcy protection, on Tuesday, after the chain struggled with debt and an increasingly saturated market in recent years. All but three of Mr. Oliver ’s 25 restaurants will close, and about 1

Celebrity chef Jamie Oliver 's British restaurant chain has become insolvent, putting 1,300 jobs at risk. The firm said Tuesday that it had gone into administration, a form of bankruptcy protection, and appointed KPMG to oversee the process. The company operates 23 Jamie 's Italian restaurants in

1300 Arbeitsplätze betroffen: Starkoch Jamie Oliver meldet Insolvenz an: Seine Restaurantkette ist pleite © Getty Images / Leon Neal The Italian restaurant chain "Jamie's Italian" is on the verge of being out

British media reported last year that the well-known TV chef Jamie Oliver struggling with "enormous debts". His restaurant chain "Jamie's Italian" also had problems that now seem insurmountable: Oliver's Italian restaurants are bankrupt.

In January 2018, "Sun" reported that the well-known TV chef Jamie Oliver is pushing a mountain of debt equivalent to 81 million euros. The cause is said to be his restaurant chain "Jamie's Italian", which now seems doomed. Oliver has burned himself into an entrepreneur and has filed for bankruptcy.

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Celebrity chef Jamie Oliver 's British restaurant chain has gone into administration with 1000 workers losing their jobs . London | Celebrity chef Jamie Oliver 's British restaurant chain filed for bankruptcy protection on Tuesday, partly because of increased competition and escalating rents in

Celebrity chef Jamie Oliver 's British restaurant chain filed for bankruptcy protection on Tuesday, partly due to increased competition and escalating rents in local commercial districts. The insolvency put 1,300 jobs at risk and reignited worries about local retail and food outlets in Britain

The star chef is one of the financially most successful chefs worldwide. His fortune is estimated at 180 million euros. But last year his restaurant chain "Jamie's Italian" made negative headlines. A look at the chain's published business figures showed a net loss of £ 9.4m for 2016. Turnover also shrank three percent to just under £ 113 million. On the other hand, there was debt to Bank HSBC totaling £ 31.7 million that must be paid by 2020. The "F.A.Z" reported.

"Jamie's Italian" was already in the red

Also a planned restructuring, which should save the chain from going out, seems to have failed. Discounts have been agreed. Accordingly, rents are said to have been reduced by around 30 percent. There was also talk of some restaurants closing.

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Jamie Oliver 's restaurant group, which includes Jamie 's Italian, Barbecoa and Fifteen, has appointed administrators putting more than 1,300 jobs at risk. Discussing that move, the celebrity chef said a “perfect storm” had brought his restaurant chain to the brink, blaming a combination of high rents

1300 jobs could be lost.How did this happen? Leaving aside Jamie Oliver (who I would cheerfully leave by the side of the road) and his failing restaurants , it's also worth noting that And these celebrities open restaurants based on their celeb currency, not because they are superior chefs .

The bankruptcy also has an impact on employees. According to the "BBC", around 1,300 employees now have to fear for their jobs. "I am very saddened by this development and would like to thank all employees and our suppliers who have worked with heart and soul in this company over the past decade," said Oliver in a message from the company. The television chef founded the restaurant chain in 2008. Most recently he operated 25 branches in Great Britain. Oliver also had a shipwreck with steakhouses.

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