Jamie Oliver

What's going on with restaurants?

BBC Radio 5 Live

Celebrity chef Jamie Oliver
PA

Celebrity chef Jamie Oliver is to open more restaurants abroad, six months after he was forced to close most of his UK operations.

And separately, ratings agency Moody's has downgraded restaurant chain Pizza Express from a Caa1 rating to a Caa3 rating.

What's going on?

“Restaurants are suffering from the same high rents, business rates, staff costs and other pressures that have weighed on the high street," Maike Currie, investment director at Fidelity International told BBC Radio 5 Live's Wake Up to Money programme.

"But we've also seen in this space private equity really wade into the dining space, and they fueled expansion...and that led to an over-saturated market at a time when people are actually staying at home, ordering by Deliveroo, Uber Eats or Just Eat, preferring to dine at home, and that's put a lot of pressure on restaurants.

"Not just Jamie Oliver's brand, companies like Byron's Burgers which was usually popular, Giraffe, a whole spate of those have closed."

In the papers

The Times cover
The Times

In the papers today - evidence seen by the BBC casts doubt on American Airlines' reason for two crew members falling unconscious, which the airline claims was due to "a spilled cleaning solution".

And in the Guardian, celebrity chef Jamie Oliver is apparently opening a new restaurant chain in southeast Asia, just six months after most of his British restaurants closed, with the loss of 1,000 jobs.

And the Trump administration has granted a new 90-day-extension enabling US companies to do business with Huawei “specific, limited engagements”, according to The FT.

Plus the Telegraph reveals findings from a Financial Conduct Authority investigation that an insurance boss made "secret payments" to his wife in order to dodge taxes. He has been fined £154,000.

And of course, the front pages of many national papers are covering the fact that businesses are cutting ties with Prince Andrew and his main charity, such as the Times.

Jamie Oliver takes £5.2m payout

The Guardian's retail correspondent Sarah Butler tweets:

Jamie Oliver: A Life Through Food Part II

Jamie Oliver talks to Sheila Dillon on the 20th anniversary of 'The Naked Chef' Part II
On the anniversary of TV series 'The Naked Chef', Jamie Oliver talks to Sheila Dillon about two controversial decades dominating food on our TV screens and online, our home cooking, and dining out.

In a two-part programme, Jamie describes being propelled into the limelight as 'The Naked Chef'. The charismatic young line chef given an unexpected TV pilot. His decision not to aim for Michelin stars, but to open a training restaurant for young people who wouldn’t have considered a career in catering.

From writing his best-selling books, mainly into a dictaphone due to his Dyslexia, to his relationship with the UK press, and his successes and failings working with a succession of UK governments to get the UK eating healthier. 

Sheila also speaks to Instagram chef Joe Wicks, Netflix chef Samin Nosrat and members of Jamie’s inner team on the influence of the highest grossing British food writer of all time. 

This is the second part of two programmes on Jamie Oliver's Life Through Food. Part one was broadcast on Sunday 18th August 2019.

Presented by Sheila Dillon
Produced by Clare Salisbury

Jamie Oliver: A Life Through Food Part I

Jamie Oliver talks to Sheila Dillon on the 20th anniversary of 'The Naked Chef' Part I
On the anniversary of TV series 'The Naked Chef', Jamie Oliver talks to Sheila Dillon about two controversial decades dominating food on our TV screens and online, our home cooking, and dining out.

In a two-part programme, Jamie, arguably the UK’s most successful food entrepreneur, reveals where it all went wrong with ill-fated restaurant chain 'Jamie's Italian’; the restaurants were supposed to disrupt mid-market dining, but after more than a decade, the chain collapsed in May. 

He takes Sheila back to his childhood home, above his dad's Essex pub restaurant where his life in professional kitchens began, clearing up fag ends and polishing urinal pipes. Cooking, the only thing he was “any good at” would propel him into the restaurant scene of 1990s London, and eventually onto our TV screens.

This is the first part of two programmes on Jamie Oliver's Life Through Food. Part two will be broadcast on Sunday 25th August 2019.

Presented by Sheila Dillon
Produced by Clare Salisbury

Jamie Oliver restaurants sold

jamie Italian with people walking past
Getty Images

Specialist business property adviser Christie & Co says it has completed a programme of sell offs of Jamie Oliver restaurants.

The restaurants were sold on behalf of the joint administrators, Will Wright and Mark Orton from KPMG, who were appointed in May.

Christie & Co were asked to sell 20 sites, including Glasgow, Brighton and seven in London.

Simon Chaplin, senior director at Christie & Co, said: “Many of these sites are in prime locations within key towns and cities, which helped attract a wide variety of operators and bids. We are therefore pleased to have achieved a positive outcome for the joint administrators.”

'Gatwick Jamie Oliver outlets sold'

Times business reporter tweets