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Jamie Oliver takes payday hit as restaurant collapse eats into profits
Jamie s Italian collapsed into administration in May 2019 with the loss of 1,000 jobs (Getty Images)
Jamie Oliver has suffered a decline in profit from his business ventures as the collapse of his restaurant chain continues to take its toll.
Pre-tax profits at the celebrity chef’s group of companies dropped to £7.1m in 2019, down nine per cent on the previous year.
Turnover dropped just over five per cent to £38.8m, according to newly-filed documents.
It follows the collapse of the Jamie’s Italian restaurant chain, which fell into administration in May 2019 with the loss of 1,000 jobs.