. JamieOliver spent $16.5 million to save his failing business. Here's what it taught him.
Chef and businessman Jamie Oliver speaks onstage at the Edelman seminar during the Cannes Lions International Festival of Creativity on June 23, 2015 in Cannes, France.Celebrity chef, bestselling author and restaurateur Jamie Oliver has his fingers in plenty of pies. But like most serial entrepreneurs, he's been burned a fair few times.. But his greatest setback came in 2017, with the near collapse of his restaurant chain, Jamie's Italian. Oliver had to pump £12.
Part of that push to be first saw Jamie's Italian expand rapidly, reaching 40 U.K. outlets at its peak. High rents, increasing food costs and rising wages quickly made many of those locations unprofitable and contributed to company debts of £71.5 million. To keep the business afloat, Jamie's Italian has since had to close 12 branches and cut around 600 staff, according to media reports.3. People are essential
That's common for entrepreneurs, particularly celebrities. However, media reports about Jamie's Italian raised questions about the suitability of those he appointed, hurting Oliver's reputation in the process.By the time Jamie's Italian was set up, he already had an established following from his TV shows, cookbooks and flagship restaurant that hires underprivileged teenagers, Fifteen. Yet that did not lead to guaranteed success for his new venture.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jamie Oliver breaks down when he visits his shuttered restaurant with Davina McCallAs part of Channel 4's documentary about Jamie Oliver and his career, the chef made a trip to one of his shuttered restaurants and couldn't hold back the tears
Read more »
Jools Oliver heads to Paris for the bank holiday weekend and celebrates with a BEAUTIFUL photoThe Olivers are ringing in the bank holiday weekend with a trip to Paris and it looks so beautiful!
Read more »
Jamie Foxx Enjoys Guys Night Out Following Split From Katie HolmesA source tells ET that the actor did a surprise DJ performance at Poppy nightclub in Los Angeles on Thursday.
Read more »
Jamie Laing bizarrely compares Strictly curse to incest as he denies splitJamie explained that even after spending so much time with his professional dance partner he wouldn't be tempted
Read more »
Why Katie Holmes Broke Up With Jamie FoxxA lot came into play.
Read more »
Jamie Foxx addresses his relationship with Sela Vave amid Katie Holmes splitFoxx says he is mentoring Vave — as he did for Ed Sheeran, Nick Cannon and Ne-Yo back when they they were on-the-rise stars.
Read more »