Jamie Oliver has been forced to surrender his Australian restaurant group as it was placed in the hands of voluntary administrators.
The restaurants in Sydney, Perth, Adelaide, Brisbane and Parramatta are to be rescued by the Brisbane-based Hallmark. The group’s Canberra restaurant has been closed immediately.
The Naked Chef had emerged as a potential savior for the group in 2016, however after the hospitality company Keystone that operated the franchise also went into administration, this fell through.
Oliver’s businesses are not only struggling to make ends meet overseas. Oliver’s businesses in the UK are in debts of £71.5m and he has been forced to close flagship restaurants such as the St Paul’s branch of Barbecoa.
Oliver has had to put £3m of his own money into the company, as well as closing 12 UK restaurants in order to keep trading.