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Celebrity Chef Jamie Oliver’s UK Restaurants Declare Bankruptcy

May 28, 2019

Twenty-two of Oliver's twenty-five restaurants will close and roughly 1,000 employees will lose their jobs years after the restaurant chain began struggling financially. On Tuesday, May 21, 2019, the restaurants were put into administration, a form of bankruptcy protection that allows insolvent entities to continue running their business and is often a precursor to liquidation under English insolvency laws.

 

The celebrity chef’s businesses are not the only ones struggling, and the New York Times reports that other brands serving Italian food and hamburgers in the UK face over saturated markets. While some businesses are able to restructure their business models, others are less fortunate and look to bankruptcy protections like administration to protect their businesses and investments.

 

 

Jamie Oliver’s U.K. Restaurants Declare Bankruptcy

 

Curran Antonelli represents a broad range of businesses and corporate entities, private equity funds, as well as governmental agencies and other interested parties in all phases of the bankruptcy process and in bankruptcy related transactions and litigation.  As advocates and trusted business advisors, our well-established foundation of knowledge and understanding of our clients’ business interests, enables our attorneys to deliver unparalleled individualized attention to our clients of all sizes with their litigation and corporate transactional needs.

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