Jamie Oliver faces losses of £25 million. At its peak it had more than 40 restaurants nationwide ALAMYThe collapse of Jamie Oliver’s Italian restaurant chain has left creditors facing losses of £83 million. Jamie Oliver Holdings, which contains his successful publishing, broadcasting and licensing interests, provided £18.3 million of secured loans on which it will suffer a shortfall of about £16 million. His restaurant business collapsed in May, leading to the loss of 1,000 jobs and the closure of 22 restaurants. The administrators’ report from KPMG covers only Jamie’s Italian and excludes the other restaurants that formed part…

Source: The Times July 19, 2019 22:52 UTC