Jamie Oliver's Aust business hits trouble

Jamie Oliver's new cookbook

Mr Oliver's Australian company, set up in March past year to buy the restaurants from their failed owners, went into voluntary administration yesterday.

The company has taken over the management of Jamie's Italian sites in Adelaide, Brisbane, Paramatta, Perth and Sydney, and is actively seeking new locations for further openings.

Frank Gleeson, Aramark's president in Northern Europe said: "We are passionate about the health and wellbeing of those we serve every day so it was a natural fit for us to partner with Jamie Oliver".

"The Canberra restaurant is the only one in Australia to shut, with no reason given for its closure".

A spokesperson for the Jamie Oliver Group confirmed the sites were sold to Hallmark through voluntary administration.

Corning (NYSE:GLW) Earning Somewhat Positive Media Coverage, Study Shows
The electronics maker reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.65 billion.

"Australia has and continues to be one of our best performing global markets", Mr Shaughnessy said.

Mr Oliver, the face of Woolworths' advertising campaigns and who is credited with helping turn around British supermarket chain Sainsbury's, bought the Australian Jamie's Italian restaurants from receivers of the failed Keystone Group in March 2017.

"We'll be working closely with Jamie and the United Kingdom team, staff and local suppliers to keep driving the business forward and delivering exceptional experiences across the country", a statement by Hallmark said.

Restaurant concepts operated by TV chef Jamie Oliver, such as Jamie Oliver's Diner and Jamie's Deli, could become a common sight in office catering environments following a landmark deal with Aramark.

Related:

  • PM Modi to take part in CHOGM in London

    PM Modi to take part in CHOGM in London

    Narendra Modi next week will become the first Indian prime minister in nearly a decade to attend a meeting of the heads of Commonwealth nations.
    CoinLancer (CL) dropped -16.68% in less than 24 hours

    CoinLancer (CL) dropped -16.68% in less than 24 hours

    Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Devery using one of the aforementioned exchanges. The Reddit community for ZClassic is /r/ZClassic and the currency's Github account can be viewed here.

    Last Week Valley National Bancorp (NYSE:VLY) Ratings

    TWX's profit would be $1.37 billion giving it 13.81 P/E if the $1.76 EPS is correct. 10,423 were reported by Cibc Asset Inc. The company was maintained on Monday, May 29 by Keefe Bruyette & Woods. 122 funds opened positions while 265 raised stakes.
  • Drew McIntyre Returns to Monday Night Raw

    Personally, I'd have loved to have seen McIntyre being a dominant force alone, but this segment was both shocking and incredible. According to reports, all of Smackdown stars have also attended the Monday Night show for Day One of Superstar Shake-up.
    Notable Runner- International Business Machines Corporation (IBM)

    Notable Runner- International Business Machines Corporation (IBM)

    The technology company reported $5.18 earnings per share for the quarter, beating the consensus estimate of $5.17 by $0.01. Jennison Associate Ltd Liability Corp holds 0% in International Business Machines Corporation (NYSE: IBM ) or 22,487 shs.
    Australian nun freed after being held for 'political activities'

    Australian nun freed after being held for 'political activities'

    She extended help to the Hacienda Luisita, Negros and Mindanao farm workers on their land cultivation campaign", they said. The Catholic Bishops Conference of the Philippines (CBCP) said she had been working in the Philippines for 27 years.
  • Spurs' Kawhi Leonard reportedly will shut things down for the season

    Spurs' Kawhi Leonard reportedly will shut things down for the season

    James lost the opening match of a first-round playoff this season for the first time with Pacers beating the Cavs on Sunday. Despite making strides recently in training, he's focused on regaining his full health, reports Yahoo Sports.
    Press center to open for inter-Korean summit

    Press center to open for inter-Korean summit

    Any joint statement is not expected to include economic co-operation with the North, Im said. Hundreds of thousands of troops from both sides now guard the area.
    Saudi-led coalition intercepts 2 ballistic missiles fired by Yemen's Houthis

    Saudi-led coalition intercepts 2 ballistic missiles fired by Yemen's Houthis

    Almost 10,000 people have been killed in Yemen's conflict, in what the United Nations has called the world's humanitarian crisis. Houthis have been controlling much of Yemen's north by force, including the capital Sanaa since 2014.
  • SUV that plunged into Northern California river found, 2 bodies in it

    SUV that plunged into Northern California river found, 2 bodies in it

    The crash killed a married couple, Jennifer Jean Hart and Sarah Margaret Hart, both 38, and at least three of their six children. On April 6, witnesses reported seeing a similar-looking vehicle falling off a steep embankment and into the Eel River off U.S.

    Signet Jewelers Limited (SIG): Intraday Services Mover

    Finally, ValuEngine downgraded Signet Jewelers from a buy rating to a hold rating in a research report on Wednesday, March 14th. Select Equity Grp Inc Limited Partnership has 4.01% invested in Signet Jewelers Limited (NYSE:SIG) for 8.90 million shares.
    Coinbase acquires Earn.com in a massive deal

    Coinbase acquires Earn.com in a massive deal

    While the terms of the deal have not been disclosed officially, Recode reported that the offer was a little over $100 million. Earlier this month, the cryptocurrency exchange launched a fund known as Coinbase Ventures to support early-stage start-ups.

Comments

Latest news

Irish country music legend Big Tom McBride dies aged 81
Country music singers were today mourning country music star Tom McBride who passed away in the early hours of this morning. The musician, whose real name was Thomas McBride, was affectionately known as Ireland's king of country music .

Xiaomi Mi 6X to arrive in 5 colors, official images reveal
In the teaser, we see a man holding a blue smartphone with a vertical dual camera, like the one on the Mi Mix 2S and iPhone X. This is because, considering it will be a budget segment phone - launching the device in these two markets make more sense.

Lebron James Sued For Allegedly Stealing Idea For A Barbershop TV Show
Turns out The King and his associates might've stolen that idea from somebody else and he may have to pay for it. LeBron subsequently cut them out and created a ripoff of the show with a almost identical format.

Explosion near Indian embassy in Nepal, report says ISI role suspected
The role of ISI is suspected to be behind the attack and also said that they are planning attacks on other Indian embassies also. The report also said that cadres of a local political party could be behind the blasts.

UP Board Results 2018 For 10th & 12th Class Name Wise With Marks @ upresults
It may be noted that students need to obtain a minimum of 35 per cent marks in the examination to be declared pass. Last year, the overall pass percentage for class 10 was 81.18 and for Class 12 was 82.62.

J Cole Makes Surprise Album Announcement
First Kendrick Lamar wins a Pulitzer , then Drake announces his new album is arriving in June, and now J. Cole out of nowhere has announced he's got a new album coming this Friday.

Desiree Linden 1st American Woman to Win Boston Marathon Since 1985
The Kenyan opened a slight lead on a tight pack of 14 runners as the competition entered the Framingham flats. Linden passed Chesir at the cemetery and began her long lonely run to Copley Square.

Parents of rape victim take bribe to change statement in court
She said she was purportedly taken to multiple places such as Noida and Ghaziabad where she was repeatedly gang raped. Soon after, the parents were handed over Rs 5 lakh as advance money and the parents hid the money and left for court.

China Q1 GDP up 6.8%
Industrial output growth also slowed to 6% from a year ago, down from the 7.2% for the January through February period. Analysts are watching to see if trade tensions with the U.S. will develop into a major risk going forward.

Gold Coast bids farewell to Commonwealth Games
Speaking at the Closing Ceremony, GOLDOC Chairman Peter Beattie AC said: "We've brought meaning to the definition of the Friendly Games".

U.S. rescue team recovers bodies of missing Indian, daughter
The family's maroon SUV was seen falling into the river in northern Mendocino County from a pullout during an April 6 rainstorm. Soumya's body was found Friday while Sandeep and Saachi's bodies were found Sunday, the New York Times reported.

Jets vs. Wild Game 3: Full highlights, final score and more
Winnipeg coach Paul Maurice declined to give an update on Myers' status Monday, but his loss would be a significant one. We've played two solid games and sort of have limited their time and space with the puck.

TIAA CREF Investment Management LLC Sells 10274 Shares of Zillow (ZG)
Sirius XM Holdings Inc.'s Average Earnings Estimate for the current quarter is $0.06, according to consensus of 12 analysts. Marshall Wace Limited Liability Partnership owns 0.02% invested in Vulcan Materials Company (NYSE:VMC) for 3,558 shares.

Taking a Fresh Look at: Geron Corporation (NASDAQ: GERN)
Company has conspicuous measure of stock oscillations; average true range may be heating up this temperature with value of 0.54. The company's distance from 52-week high price is -44.31% and the current price is 113.79% away from 52-week low price.

Teenager held for rape try on 9-yr-old woman
A Sebastian woman who has a tattoo on her lower back that declares "Only I can judge me" is back behind bars. When the man went to the woman's place, she told the Asian to pay her for sex - which he did.

Other news