Jamie Oliver's Australian restaurant group has collapsed into voluntary administration, weeks after it was revealed the celebrity chef's British hospitality company is $126 million in debt.
Oliver has had to put £3m of his own money into the company, as well as closing 12 United Kingdom restaurants in order to keep trading.
Mplx Lp (MPLX) Shares Rating Restated by FBR & Co
Citigroup reiterated a buy rating and issued a $46.00 target price on shares of Mplx in a research note on Friday, February 2nd. The institutional investor owned 7,211 shares of the pipeline company's stock after selling 12,492 shares during the period.
In light of the administration, the Canberra Jamie's Italian site was shut immediately yesterday, Business Insider reports.
Global food and facilities management firm Aramark has partnered with Jamie Oliver in a deal that will see the restaurant group's food concepts put into offices and workplaces..
Priyanka Chopra joins Salman Khan's 'Bharat'
It will also mark the reunion of the two actors who were last seen together 10 years ago in God Tussi Great Ho (2008). Salman is known to give breaks to young actors and one would not be surprised to see Zareen working with him again.
Jamie's Italian Canberra has closed suddenly, with the Canberra Centre restaurant not opening on Monday and the phone disconnected. The remaining five sites, in the Sydney CBD, Parramatta, Brisbane, Perth, and Adelaide, will continue to operate, salvaged by a last-minute sale to Brisbane-based Hallmark Group.
Jamie Oliver Restaurant Group Australia, a wholly owned subsidiary of Jamie's Italian, took over running the restaurants after franchisee Keystone went into administration two years ago.
Governor orders inquiry into professor's sex-for-marks offer to students
DMK working president and CPI (M) state secretary K Balakrishnan sought a Madras High Court-monitored probe. The advice is being seen as a suggestion for sexual favours.
Over the weekend, Oliver said in an interview with the Mail on Sunday that the business was stronger as a result of the adjustments, and insisted that the decisions had saved thousands of jobs. "We have got a great business, and we will bounce back".