Oliver’s ea­ter­ies in strife

Geelong Advertiser - - BUSINESS BEAT -

JAMIE Oliver’s Aus­tralian restau­rant group has fallen into vol­un­tary ad­min­is­tra­tion, though most of his restau­rants will con­tinue to trade under a new owner.

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.

Jamie’s Ital­ian in Can­berra has closed.

Hall­mark, the owner of Bris­bane Ir­ish bar Finn McCools, bought the restau­rants af­ter the Jamie Oliver Restau­rant Group went into vol­un­tary ad­min­is­tra­tion on Mon­day.

The col­lapse of the celebrity chef’s Aus­tralian busi­ness comes about a year af­ter Mr Oliver bought the restau­rants from the re­ceivers of the failed Key­stone Group.

It also fol­lows re­cent me­dia re­ports that Mr Oliver’s restau­rants in the UK are in fi­nan­cial strife with debts to­talling $126 mil­lion.

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