Jamie Oliver's final Australian restaurant closes, owing a whopping $1 million!
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Having to close down a business due to economic circumstances is never easy, and it's a reality that many other business owners have become familiar with in the past few years.
Unfortunately, celebrity chef Jamie Oliver is no exception, as his last restaurant in Australia recently faced the same fate.
After its four-year run, Jamie Oliver’s Pizzeria at the Pacific Fair went into voluntary administration last month, accumulating a grand total of $1 million in debt.
Matt Heanen, the Director of the Hallmark Hospitality Group, which managed the restaurant, reported to administrators that there was only $7,336 left in the bank.
Rent for the restaurant was one of the debts it incurred ($91,000). It also reportedly owed other parties a whopping $915,000.
The restaurant owners, Pizzeria Pacific Fair, expressed their gratitude towards customers for their patronage over the past four years.
'We know the Jamie Oliver brand is loved by patrons locally and internationally, and we are currently seeking new location opportunities for Jamie Oliver's Pizzeria restaurants,' a spokesperson for the restaurant said.
'We want to thank our customers, employees, suppliers, and the Gold Coast community for their support of the Pacific Fair venue.'
Jamie Oliver's Pizzeria is the last of the celebrity chef's restaurants to shut its doors in Australia, as four of Jamie’s Italian restaurants closed during the COVID-19 lockdown in March 2020.
Taking charge of the voluntary administration process are Anne Meagher and Matt Bookless from SV Partners, giving the restaurant a chance to regroup, restructure, and potentially reopen in the future.
Oliver will be visiting Australia this coming November to take part in an event with the host of MasterChef, Melissa Leong, at the Sydney Opera House's Concert Hall.
Just recently, one food company unexpectedly shut down and went into administration and receivership.
The company is Halo Food, which owns a range of entities, including Halo Manufacturing Pty Ltd, Halo Food Co. Trading Pty Ltd, and Omni Brands Pty Ltd.
Some brands under the company are The Healthy Mummy (which boasted an extensive range of wellness products for mums), the ‘premium functional beverage brand’ Tonik, luxury fudge makers Gran’s, and powdered milk producers Key Dairy.
Halo Food sold its products in convenience stores and supermarket chains like Coles.
You can read more about this story here.
Have you tried any of Jamie Oliver’s restaurants before? How was the experience? Share them with us in the comments below!
Unfortunately, celebrity chef Jamie Oliver is no exception, as his last restaurant in Australia recently faced the same fate.
After its four-year run, Jamie Oliver’s Pizzeria at the Pacific Fair went into voluntary administration last month, accumulating a grand total of $1 million in debt.
Jamie Oliver’s Pizzeria at the Pacific Fair has shut down and left behind a whopping $1 million in debt. Image source: Shutterstock.
Matt Heanen, the Director of the Hallmark Hospitality Group, which managed the restaurant, reported to administrators that there was only $7,336 left in the bank.
Rent for the restaurant was one of the debts it incurred ($91,000). It also reportedly owed other parties a whopping $915,000.
The restaurant owners, Pizzeria Pacific Fair, expressed their gratitude towards customers for their patronage over the past four years.
'We know the Jamie Oliver brand is loved by patrons locally and internationally, and we are currently seeking new location opportunities for Jamie Oliver's Pizzeria restaurants,' a spokesperson for the restaurant said.
'We want to thank our customers, employees, suppliers, and the Gold Coast community for their support of the Pacific Fair venue.'
Jamie Oliver's Pizzeria is the last of the celebrity chef's restaurants to shut its doors in Australia, as four of Jamie’s Italian restaurants closed during the COVID-19 lockdown in March 2020.
Taking charge of the voluntary administration process are Anne Meagher and Matt Bookless from SV Partners, giving the restaurant a chance to regroup, restructure, and potentially reopen in the future.
Oliver will be visiting Australia this coming November to take part in an event with the host of MasterChef, Melissa Leong, at the Sydney Opera House's Concert Hall.
Just recently, one food company unexpectedly shut down and went into administration and receivership.
The company is Halo Food, which owns a range of entities, including Halo Manufacturing Pty Ltd, Halo Food Co. Trading Pty Ltd, and Omni Brands Pty Ltd.
Some brands under the company are The Healthy Mummy (which boasted an extensive range of wellness products for mums), the ‘premium functional beverage brand’ Tonik, luxury fudge makers Gran’s, and powdered milk producers Key Dairy.
Halo Food sold its products in convenience stores and supermarket chains like Coles.
You can read more about this story here.
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