Jamie Oliver’s restaurant chain collapses in the UK
CNNLondon CNN Business — Celebrity chef Jamie Oliver’s restaurant empire in the United Kingdomhas collapsed. The group includes Jamie’s Italian chain, Jamie Oliver’s Diner at Gatwick Airport as well as steakhouse Barbecoa and Fifteen London, a restaurant Oliver started in 2002 to train young unemployed people. “Both Jamie’s Italian restaurants and Jamie Oliver’s Diner at Gatwick Airport will continue to trade in the short term while the joint administrators explore options for the site,” KPMG added. “The current trading environment for companies across the casual dining sector is as tough as I’ve ever seen,” KPMG partner Will Wright said on Tuesday, adding that it had proved impossible to stabilize the business or find new investors against the backdrop of rising costs and “brittle consumer confidence.” Oliver is best known as a television star, book author and activist.
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