Discussion
After injecting £13 Million of his own money, Jamie Oliver says he has no more money to prop up his struggling restaurants.
"Court documents reveal that Jamie’s Italian had debts of £71.5m, including £30.2m of overdrafts and loans. Landlords, HM Revenue and Customs, suppliers and other creditors were owed £41.3m and staff were out of pocket to the tune of £2.2m"
https://inews.co.uk/news/business/jamie-oliver-res...
"Court documents reveal that Jamie’s Italian had debts of £71.5m, including £30.2m of overdrafts and loans. Landlords, HM Revenue and Customs, suppliers and other creditors were owed £41.3m and staff were out of pocket to the tune of £2.2m"
https://inews.co.uk/news/business/jamie-oliver-res...
BlackLabel said:
The Sunday Times rich list says he’s worth over £300 million. Yet he can’t pay his suppliers, staff, hmrc etc? Mmmm.
If he is worth 300 million and has debts of 71 million then surely the right thing to do is pay the debts in full a nd then struggle by on the 221 million change?Budflicker said:
BlackLabel said:
The Sunday Times rich list says he’s worth over £300 million. Yet he can’t pay his suppliers, staff, hmrc etc? Mmmm.
If he is worth 300 million and has debts of 71 million then surely the right thing to do is pay the debts in full a nd then struggle by on the 221 million change?FourWheelDrift said:
Budflicker said:
BlackLabel said:
The Sunday Times rich list says he’s worth over £300 million. Yet he can’t pay his suppliers, staff, hmrc etc? Mmmm.
If he is worth 300 million and has debts of 71 million then surely the right thing to do is pay the debts in full a nd then struggle by on the 221 million change?That's a shame the chain is failing. I wonder what the underlying problem(s) is/are? We used to have one nearby which seemed to be popular, but that still closed about twelve months ago. Mind you, given its location, the ground rent on the space it occupied would have been eye-watering. The area has now been divided up into three separate (non-foody) businesses.
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