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.
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