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1,000 redundancies as Jamie Oliver restaurant chain collapses | Business News

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Administrators to Jamie Oliver’s restaurant chain say 22 sites have closed resulting in 1,000 redundancies after the business collapsed.

KPMG said attempts to bring fresh investment into the celebrity chef’s business – at a time of rising costs and fragile consumer confidence – had failed.

The business was left without enough cash to trade while in administration, meaning that all but three of its 25 eateries have closed.

Jamie Oliver said he was “deeply saddened” as the collapse – first reported by Sky News – was announced.

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