Fans of Jamie Oliver's high street Italian eateries, the aptly named Jamie's Italian, will be upset to learn the future of the chain is uncertain.
In fact, Jamie Oliver now claims to have no more money to invest in his business – already millions of pounds down after splashing his own savings to bail out the restaurant brand.
Earlier in the year, Jamie put almost £13 million of his own money into 25 branches – after debts of £71.5 million forced the chain to close 12 outlets, as reported by the Financial Times.
“I havent got any more [money to invest],” he told the Daily Mail.
He added: “Ive never been paid by the restaurant group, Ive always reinvested. My living was always the other side.
“So I could have just gone do you know what? Let it go.”
The 43-year-old added: “Theres a point where I cant put the other side of the business at risk as well and the people who work there.”
However, the father-of-five refuses to admit defeat – assuring that he will continue to work through the financial turmoil.
“Were getting on top of it and I think weve learned lots of lessons … I think Ill be a better boss and restaurateur in the future because of it,” he said.
Were so glad to hear Jamie Oliver is remaining positive, after a challenging time for the famous chef.
Recently, he highlighted how the past year has been full of trials and tribulations.
“The past 18 months have been challenging,” he said to Event magazine.
After controversies involving accusations of cultural appropriation, following his own brand of jerk rice, and an intruder breaking into his family home, Jamie and wife, Jools, plan to renew their vows to mark of a fresh start.
“Well do it completely differently…. Its nice to have an excuse to get people together,” he said.
The couple, who are parents to Poppy, 16, Daisy, 15, Petal, nine, Buddy seven, and River, 22-months, recently celebrated their eighteenth wedding anniversary.
The post Jamie Oliver reveals financial struggle has left him with no more money to save restaurant chain appeared first on Woman Magazine.
