Celebrity chef Jamie Oliver's celebrity businessman credentials are about to be called into question, as the company that operates all of his high street restaurant brands has called in the administrators. It's the global finance equivalent of doing a runner without paying.
Oliver-branded restaurant Jamie's Italian will continue to trade during the process, while the posher Fifteen London faces the chop and the dining experience of Barbecoa is also under threat of closure or sale, with as many as 1,300 jobs at risk. Oliver said: "I am deeply saddened by this outcome and would like to thank all of the staff and our suppliers who have put their hearts and souls into this business for over a decade. I appreciate how difficult this is for everyone affected."
Fifteen Cornwall is fine, as it's a franchise. The things you learn. [Guardian]