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What Killed Jamie Oliver's Restaurant Chain?

Posted On: May 21, 2019   |   Posted By: Fortune

What Killed Jamie Oliver's Restaurant Chain?

Following a couple years of serious financial difficulties, the restaurant empire of British celebrity chef Jamie Oliver may have reached the end of its road-the latest victim of an ongoing, partly Brexit-related shakeout in the U.K.'s casual dining sector.
The Jamie Oliver Restaurant Group said Tuesday that it had gone into administration, with KPMG's insolvency team taking over. Most of its locations are closing immediately, taking more than 1,000 jobs with them. The 11-year-old business had reportedly been trying to find a buyer in recent months, but had no luck.
“I'm devastated that our much-loved U.K. restaurants have gone into administration,” said Oliver. “I am deeply saddened by this outcome and would like to thank all of the people who have put their hearts and souls into this business over the years.”
I'm devastated that our much-loved UK restaurants have gone into administration. I am deeply saddened by this outcome and would like to thank all of the people who have put their hearts and souls into...

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