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techkenyot.com August 16, 2018


Aramark And Jamie Oliver Announce New Partnership

17 April 2018, 02:05 | Hattie Nash

Aramark And Jamie Oliver Announce New Partnership

Aramark And Jamie Oliver Announce New Partnership

Jamie Oliver's dream of buying back the farm in Australia is over.

The Australian arm of the restaurant group has been put into administration in order to change ownership of the chain, the company said.

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In light of the administration, the Canberra Jamie's Italian site was shut immediately yesterday, Business Insider reports.

Mr Oliver, the face of Woolworths' advertising campaigns and who is credited with helping turn around British supermarket chain Sainsbury's, bought the Australian Jamie's Italian restaurants from receivers of the failed Keystone Group in March 2017.

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Hallmark said it would be looking for new locations to open more Jamie's Italian branches. The remaining five sites, in the Sydney CBD, Parramatta, Brisbane, Perth, and Adelaide, will continue to operate, salvaged by a last-minute sale to Brisbane-based Hallmark Group.

Jamie Oliver has been forced to surrender his Australian restaurant group as it was placed in the hands of voluntary administrators.

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In March, the chief executive of the United Kingdom business said the company had struggled because it had "rested on its laurels" as more quick service retail businesses entered the British market. Oliver's businesses have been struggling to restructure their way out of debts of £71.5 million ($126 million). "Do you just let it all go down or go in and let some go down to save the rest?"



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