Published: Wed, April 18, 2018
Finance | By Loren Pratt

Jamie Oliver's Australian restaurant group in voluntary administration

Jamie Oliver's Australian restaurant group in voluntary administration

Jamie's Italian Canberra has not been able to escape the downturn in fortunes for Jamie Oliver's restaurant empire.

Oliver has had to put £3m of his own money into the company, as well as closing 12 United Kingdom restaurants in order to keep trading.

Administrators BDO Australia said Jamie's Italian restaurants in Sydney, Parramatta, Brisbane, Perth and Adelaide will continue to operate under new owner, Brisbane-based Hallmark Group.

While the chain's Canberra restaurant closed suddenly on Monday, with no explanation, it was "business as usual" for the William Street diner, and four other sites around the nation.

A spokesperson for the Jamie Oliver Restaurant Group Australia said: "Australia has and continues to be one of our best performing global markets and, after a short period of in-house management we are pleased to be partnering with Hallmark".

Mr Oliver's Australian company, set up in March past year to buy the restaurants from their failed owners, went into voluntary administration yesterday.

The Jamie Oliver Group design and culinary teams will also work with Aramark's culinary team to develop food propositions exclusive to Aramark.

Oliver's businesses are not only struggling to make ends meet overseas. "We have got a great business, and we will bounce back". "Do you just let it all go down or go in and let some go down to save the rest?"

Like this: