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Jamie Oliver’s Restaurant Group Was Nearly Saved By German Investors

And Nigel Farage couldn’t get off his battle bus because of a crowd “armed with milkshakes”

Jamie Oliver’s restaurants collapsed, but the celebrity chef says Jamie’s Italian would have survived if it were posh Ella Miller/for Jamie’s Italian

German Investors nearly saved Jamie Oliver’s restaurant group

  • A German “turnaround specialist” — Aurelius Group — came close to buying Jamie Oliver’s restaurant company. The Times reports that as close to the day before the group entered administration, the investment company, based in Munich, was set to “acquire a majority stake in a deal that would have given the business up to £10 million of new funding.” Although that cash injection would have prevented the company’s collapse in the short term, a decision was made based on the fact that it would merely have been “delaying the inevitable.”

Administrators from financial services company KPMG ordered the closure of 22 of the 25 U.K. restaurants, including 20 Jamie’s Italians — the casual restaurant chain Oliver founded with his Italian mentor, Gennaro Contaldo 11 years ago — on Monday. 1,000 jobs were lost, with a further 300 thought to be insecure. [The Times]

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