first_img Deirdre Hipwell “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,” Oliver said in a statement.Oliver’s restaurants are the latest victims of a shakeout that’s spread to Britain’s casual-dining business after hitting the likes of Applebee’s, TGI Friday’s and Ruby Tuesday in the U.S. U.K. chains such as Byron Hamburgers, Gaucho, Carluccio’s, Prezzo and Strada have all restructured over the past few years.Bloomberg.com Leon Neal/Getty Images Facebook Email Twitter Recommended For YouDefence Unlimited International Corp. is Hiring VeteransLatam’s 2020 growth may turn negative due to U.S.-China trade war -IADBCalifornia settles decades-long lawsuit over lead paint, but outcome is bittersweetBNY Mellon vows to stem billions in outflows from index productsForeign exchange rates Share this storyJamie Oliver’s U.K. restaurant chains head for insolvency, putting 1,300 jobs at risk Tumblr Pinterest Google+ LinkedIn Bloomberg News May 21, 20198:41 AM EDTLast UpdatedMay 21, 20198:42 AM EDT Filed under News Retail & Marketing center_img Reddit 0 Comments Comment Jamie Oliver’s restaurant chain moved to begin insolvency procedures, leaving 1,300 jobs at risk after failing to turn around its performance.The U.K. celebrity chef’s company filed notice in the High Court for administration, a process similar to Chapter 11 bankruptcy protection in the U.S. The proceedings involve 25 Jamie’s Italian, Barbecoa steakhouse and Fifteen eateries in the U.K. but not the international division.Oliver has tried to revive his restaurant business for the past few years amid a tough consumer market, intense competition and rising costs. Last year the chef, who has built up a large television following, completed a company voluntary arrangement of his Jamie’s Italian brand. Such a procedure allows a business to cut shops and slash rents, but that was not enough.A “Jamie’s Italian” restaurant, near London Bridge. Jamie Oliver has tried to revive his restaurant business for the past few years amid a tough consumer market, intense competition and rising costs.Laurent Gillieron/Keystone via AP, File Jamie Oliver’s U.K. restaurant chains head for insolvency, putting 1,300 jobs at risk Oliver’s restaurants are the latest victims of a shakeout in the casual dining industry More Join the conversation →last_img read more