Jamie Oliver took £5.2m payout before his chain of restaurants collapsed

Share on facebook
Share on google
Share on twitter
Share on linkedin

Jamie Oliver’s dividend was 40% down on the previous year’s sum as he tried, unsuccessfully, to save the UK restaurants.

It has been revealed that Jamie Oliver received a £5.2m payout from his business empire before his UK restaurant operation collapsed, leaving 1,000 staff out of work.

Accounts published by the Jamie Oliver Group, which includes his food and media interests, showed the dividend to the celebrity chef in 2018 was 40% down on the previous year’s sum of £8.6m.

A halving of 2018 profits, the company said, reflected a one-off hit to the business of almost £10m used to help prop up the separate restaurant arm.
A picture shows the signage at a closed-down Jamie's Italian restaurant in Glasgow on May 21, 2019. - British celebrity TV chef Jamie Oliver said Tuesday that he was "devastated" to announce that his restaurant group had collapsed, with the loss of 1,000 jobs. The group, which comprises 25 restaurants across Britain and includes the chains Jamie's Italian and Barbecoa steakhouse, has appointed administrators KPMG. (Photo by Andy Buchanan / AFP) / The erroneous mention[s] appearing in the metadat
Image:Just one Jamie’s Italian remains in the UK – a franchise site at Gatwick Airport

It crashed into administration in May with more than 20 restaurants, including Jamie’s Italian sites, forced to shut their doors and creditors facing losses of up to £83m.

They fell victim to the crisis facing the wider casual dining sector – a result of rising costs and greater consumer caution.

The chef announced, in the wake of the closures, that his remaining business would become an ethical “B corporation” that promises to consider the impact of its operations on its workers, suppliers, community and environment.

He said: “We have emerged from the past six months with complete clarity around our vision and values, as well as a renewed focus on what we want to achieve in the coming years.”

Credit: Sky News

Share on facebook
Share on whatsapp
Share on pinterest
Share on linkedin
Share on twitter

Follow Us

Recent Posts