Jamie Oliver’s dream of buying back the farm in Australia is over.
The Jamie Oliver Restaurant Group (Australia) Pty Ltd collapsed on Monday, with the company being placed in the hands of voluntary administrators less than 12 months after the British celebrity chef visited Australia to relaunch the six local restaurants bearing his name.
…The collapse comes just weeks after the depth of The Naked Chef’s global financial woes emerged. Oliver’s businesses have been struggling to restructure their way out of debts of £71.5 million ($126 million).
You can’t eat debt.