Jamie Oliver group strife

The Cairns Post - - BUSINESS WEEK -

JAMIE Oliver’s busi­ness woes have deep­ened with his Aus­tralian restau­rant group fall­ing into vol­un­tary ad­min­is­tra­tion.

The celebrity chef’s UK restau­rants have been in fi­nan­cial strife amid ris­ing costs and con­sumer cau­tion, partly as a re­sult of the Brexit vote, and his Can­berra venue has now been closed.

The Jamie Oliver Restau­rant Group Aus­tralia, which op­er­ated six Jamie’s Ital­ian restau­rants in Aus­tralia, slipped into vol­un­tary ad­min­is­tra­tion on Mon­day.

The Can­berra restau­rant was closed down, while Bris­bane-based Hall­mark Group will take over the man­age­ment of Jamie’s Ital­ian restau­rants in Syd­ney, Bris­bane, Perth, Par­ra­matta and Ade­laide.

A state­ment by his restau­rant group said Aus­tralia was still one of his best per­form­ing in­ter­na­tional mar­kets.

Hall­mark, the owner of Bris­bane Ir­ish bar Finn McCools, said it was also look­ing at new suit­able lo­ca­tions.

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