All Jamie Oliver Restaurants articles – Page 2
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NewsBile-ridden, rude and downright nasty
I have previously used this column to express my astonishment at the extraordinary level of abuse aimed at Jamie Oliver over the failure of his UK restaurant business.
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NewsPizza Express: someone has got to take a hit somewhere
The appointment of financial advisors this week shone a fresh spotlight on the precarious situation at Pizza Express. The celebrity figureheads at Jamie’s Italian and Carluccio’s had already put their crises into the public consciousness, yet the prospect of Pizza Express facing the same woes is an even bigger moment. The brand is credited with creating the concept of casual dining and is the UK’s biggest and most enduringly popular restaurant brand with 490 sites.
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NewsBranded restaurant market – green shoots of recovery?
Turning tables is a long-established practice in the restaurant market, albeit perhaps one more commonly associated with times of more buoyant trading than those currently prevailing. Highlighting just how fast the fortune tables can turn in this market, I was fascinated by some recent MCA analysis looking at physical growth by branded restaurant chains across different portfolio sizes. This year, the estate bracket sub-category that is anticipated to add the most net new sites will be ‘small’ operators.
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NewsJamie’s profits plunge following restaurant collapse
Jamie Oliver has revealed the scale of the impact the collapse of his restaurant group had on his overall business interests. Pre-tax profits at his businesses, made up of Jamie Oliver Holdings, Jamie Oliver Licensing and Jamie’s Italian International, almost halved by 46%, from £14.4m to £7.8m. The business said its profits were “impacted by exceptional costs of £9.9m in the year related to the restaurant group.”
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NewsSpragg: ‘If you get your proposition right, you are going to win’
Despite the struggling seen in the casual dining sector, “if you get your proposition right, you are going to win”, believes James Spragg, chief executive, Casual Dining Group.
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NewsRestaurant insolvencies up by 25%
More than 1,400 UK restaurants collapsed in the year in the year to end of June 2019 – signifying a 25% increase on the previous year, according to the latest figures from accountancy firm UHY Hacker Young.
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NewsPierre White criticises Oliver for Brexit excuse
Marco Pierre White has claimed Jamie Oliver is “delusional” if he thinks the Brexit is one of the main reasons for the downfall of his restaurant empire.
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NewsWingstop announces second site
Wingstop, the global wing concept, has announced its second UK site will open in Dalston Kingsland High Street.
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NewsRestaurants hit by ‘turbulent times’
Restaurant numbers have dropped for the sixth quarter in a row according to the latest Market Growth Monitor from CGA and AlixPartners, with Italian restaurants hit hardest. Overall there was a 3.4% drop in restaurant numbers in the 12 months to June 2019, meaning an average rate of 18 net closures a week.
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NewsDishoom sees profits leap in 2018
Dishoom has reported a jump in profit before tax, from £0.9m in 2017 to £2.3m for the 52 weeks to 30 December 2018.
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OpinionAnalysts’ corner: Mitchells & Butlers
A material re-rating should lie ahead if the business continues to executive its operational improvement and de-leveraging plans, believe analysts at Berenberg.
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NewsWilkinson departs Ivy Collection
The Ivy Collection’s finance director Dominic Wilkinson has left the Richard Caring-backed group to join TeamSport Indoor Go Karting as chief financial officer, MCA understands.
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NewsDishoom takes Jamie's unit to extend Covent Garden
Dishoom has said its original Covent Garden restaurant will undergo a “major redesign” to mark its 10th anniversary next year.
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NewsJamie Oliver staff to sue restaurant group
Former employees at Jamie Oliver Restaurant Group as suing the company for up to £1 million over an allegedly flawed redundancy process, the Evening Standard has reported.
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NewsThe Ivy swoops on Jamie's sites
The Ivy Collection, the Richard Caring backed bar and restaurant group, has acquired three former Jamie Oliver sites, in Cardiff, Victoria and St Paul’s, The Times reports.
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Analysis & InsightEvolving before our eyes
The pace of change is speeding up and nowhere is this clearer than in the UK’s eating and drinking-out sector. Over the last five years, AlixPartners and CGA’s Market Growth Monitor has tracked some seismic changes across the industry – from the drinks-led renaissance to the burgeoning impact of delivery. There’s not been a dull moment, say AlixPartners’ Graeme Smith and Craig Rachel.
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NewsThird El Gato Negro restaurant on the cards with hints at more
Simon Shaw has confirmed he is to open a third El Gato Negro restaurant after acquiring 35 Park Row in Leeds – the former site of Jamie’s Italian, and has hinted at further openings.
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Analysis & InsightReputation and rumours
The success rate of former CEOs at Mitchells & Butlers in getting the business to fly has been questionable, but has Phil Urban cracked it? In his latest monthly column Dominic Walsh discusses how far the operator has come over the past four years – and those PizzaExpress rumours.
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NewsSSP acquires the three Jamie’s sites at Gatwick Airport
SSP will take over the operations of the three Jamie Oliver sites at Gatwick Airport after reaching an agreement with the administrators KPMG.
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Analysis & InsightNo disgrace in getting things wrong
With several well-known names joining the ranks of closures in the past month, MCA contributing editor Peter Martin discuss the impact of choice on the market and why sometimes it’s important to just give something a go.