Celebrity chef Jamie Oliver's U.K. restaurant chain collapses into insolvency, leaving 1,000 people out of work.
Celebrity chef Jamie Oliver's British restaurant chain filed for bankruptcy protection on Tuesday, partly due to increased competition and escalating rents in local commercial districts.
Financial firm KPMG, which will oversee the process, said all but three of the group's 25 eateries will close. They include restaurants in the Jamie's Italian chain, as will the more upmarket Fifteen, and steak house Barbecoa. Bad behavior can also hurt chains' success. In March, Mario Batali gave up his financial stakes in all of his restaurants after being accused of sexual harassment. Todd English, who was sued for sexual harassment in 2017, has closed numerous restaurants in Boston, Mexico City, Las Vegas and New York.
The company had been in trouble for at least two years, despite Oliver's global fame on the back of his cookbooks and television shows. Last year, it shuttered 12 of its 37 sites in Britain, while five branches of the Australian arm of Jamie's Italian were sold off and another put into administration."I appreciate how difficult this is for everyone affected," he said.
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