Celebrity chef Jamie Oliver's British restaurant chain has filed for bankruptcy protection, partly due to increased competition and escalating rents in local commercial districts. "I'm devastated that our much-loved UK restaurants have gone into administration," Oliver wrote on Twitter. KPMG will oversee the process that affects some 25 restaurants, including the Jamie's Italian chain, the more upmarket Fifteen, and steak house Barbecoa. Overseas branches of Jamie's Italian are not affected, nor is Fifteen Cornwall, which operates as a franchise. SUPPLIED Jamie Oliver said he was devastated the restaurants have gone into administration.

Source: Stuff May 21, 2019 10:38 UTC