Jamie Oliver’s upmarket Barbecoa steakhouses in London have crashed into administration, with 80 staff losing their jobs at the group’s Piccadilly site.
The celebrity chef’s company scrambled together a last-minute deal to save the group’s other outlet – located near St Paul’s Cathedral – with a newly created subsidiary in Oliver’s business empire buying the City diner straight out of administration for an undisclosed sum.
The move comes during a tricky period in Oliver’s business dealings. Oliver had to pump £3m of his own cash into his Jamie’s Italian chain in December and is now planning to close 12 of its 37 UK branches.
The Telegraph provides an analysis piece claiming the heat is rising in the restaurant sector and now the pressure has caught up with a household name in the form of Oliver.
Click here for the full Guardian article
