Jamie Oliver

Jamie Oliver’s restaurant chain is set to fall into administration later today, placing 1,300 jobs at risk.

The restaurant group, which operates 23 Jamie’s Italian locations, has been struggling to find buyer amid an increasingly difficult few years of trading.

It is understood that KPMG will handle the administration process.

Oliver’s Fifteen London and Barbecoa sites are also expected to be included in the procedure.

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.

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Nicole covers emerging global economic and political events for The UK Investor Magazine. Her focus is particularly upon company news and political developments in Europe and the US.