Jamie Oliver’s restaurants to face administration

UK television chef Jamie Oliver’s restaurant business is preparing to file for insolvency, putting around 1,300 jobs at Jamie’s Italian, Fifteen and Barbecoa at risk.

As reported by Sky News, the restaurant chain Jamie’s Italian and the celebrity chef’s other venues have called in a KPMG to handle the insolvency process, with further details to be announced later today.

23 Jamie’s Italian outlets alongside restaurants Fifteen and Barbecoa are said to be affected. Jamie Oliver Holdings, which operates Jamie Oliver Limited and Jamie Oliver Licensing Limited will continue to trade as normal, as will the international restaurant franchise business, Jamie’s Italian International Limited.

The administration comes only two years after Oliver’s business went through a restructuring to offload unprofitable sites.

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 announcement follows a number of other restaurant chain closures including Carluccio’s, Prezzo, Giraffe and Ed’s Easy Diner.

According to data consultancy Kantar, diners in the UK are increasingly expressing a preference for experiential outlets rather than full-service restaurants such as Jamie’s Italian. For the year ending 24 March 2019, full-service restaurants experienced a 6% decline in sales, while almost five million fewer trips were made to such sites in the 12 weeks to 24 March 2019, in comparison to the same period last year.

Venues such as cafés and coffee shops, however, have experienced growth of 8% in the year to 24 March.

Leave your reply

Most Recent Stories

Amuse-bouches: The latest restaurant news bites

In restaurant news: a High Court hospitality case against the government gets expedited, UK restaurant chain Six by Nico is accused of staff mistreatment, and chef Skye Gyngell opens a farm shop.  

New online grower Champagne retailer and wine club targets growth

Sip Champagnes, a new online retailer and wine club championing grower and small-scale Champagne producers, wants to target the UK on-trade and expand into Europe.

HK bar industry agrees to government proposal in exchange for reopening

The Hong Kong bar industry has agreed to accept the proposal from the government to ask patrons to keep their masks on and use a straw to drink alcohol if it will mean venues can reopen. 

Italian restaurant targeted by US sanctions in case of mistaken identity

An Italian restaurant found itself at the mercy of one of former US President Donald Trump's last sanctions after it was wrongly identified as being linked to a Venezuelan oil trafficker. 

California Wine Institute launches food and wine competition

The California Wine Institute has launched a new competition this month called Cook with California, which aims to show how well wines from the US state pair with British produce. 

Most Recent Stories

Amuse-bouches: The latest restaurant news bites

In restaurant news: a High Court hospitality case against the government gets expedited, UK restaurant chain Six by Nico is accused of staff mistreatment, and chef Skye Gyngell opens a farm shop.  

New online grower Champagne retailer and wine club targets growth

Sip Champagnes, a new online retailer and wine club championing grower and small-scale Champagne producers, wants to target the UK on-trade and expand into Europe.

HK bar industry agrees to government proposal in exchange for reopening

The Hong Kong bar industry has agreed to accept the proposal from the government to ask patrons to keep their masks on and use a straw to drink alcohol if it will mean venues can reopen. 

Italian restaurant targeted by US sanctions in case of mistaken identity

An Italian restaurant found itself at the mercy of one of former US President Donald Trump's last sanctions after it was wrongly identified as being linked to a Venezuelan oil trafficker. 

California Wine Institute launches food and wine competition

The California Wine Institute has launched a new competition this month called Cook with California, which aims to show how well wines from the US state pair with British produce.