World Economy

Jamie Oliver Restaurant Group Closing 6 UK Outlets

Jamie Oliver Restaurant Group Closing 6 UK Outlets Jamie Oliver Restaurant Group Closing 6 UK Outlets

Jamie Oliver has confirmed plans to close six Jamie’s Italian restaurants, with the Brexit vote taking some of the blame.

His company announced that outlets in Aberdeen, Cheltenham, Exeter, Tunbridge Wells and Ludgate and Richmond - both in London - would shut by the end of March.

Its statement suggested trading at the restaurants had also not been up to scratch but it hoped to move the 120 staff affected to other eateries within the group, Sky News reported.

There are currently 70 Jamie’s Italians worldwide. Of these, 42 are in the UK and are likely to have been hit by higher costs for imported ingredients since the EU referendum because of the collapse in the value of the pound.

Simon Blagden, chief executive of Jamie Oliver Restaurant Group, said: “As every restaurant owner knows, this is a tough market and, post-Brexit, the pressures and unknowns have made it even harder.”

He said the business was “in very good shape” overall, but restaurants were expected to serve “an average of 3,000 covers every week to be sustainable.”

The announcement highlights the pressure facing businesses and consumers from rising costs.

British clothes retailer Next is the latest major store to warn of looming price hikes - of up to 5% in its case - because of increased import costs while the RAC pointed to a £10 increase over 12 months in the cost of filling an average tank with diesel.

Consumer price inflation already stands at a two-year high.

The group’s plans to launch another 22 Jamie’s Italian restaurants overseas are going ahead.

The celebrity chef and food campaigner has a net worth of $400 million, according to the latest Sunday Times Rich List.


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