‘I ran out of money’: Jamie Oliver reveals how close he came to losing it all

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Jamie Oliver wants to open more restaurants.

The 44-year-old celebrity chef was heartbroken when his restaurant chain, Jamie Oliver Restaurant Group, went into administration in May this year, but has now said that he could be tempted to try his hand at a new restaurant business in the future, though not until “after Brexit”.

When asked if he’d open any new chains, he said: “Absolutely I’ll think about it, but not until after Brexit and after the high street has sorted itself out. If you run a business in this country, there has been no good news for anybody for five years. It’s been tough and there is a lot of mess to sort out.”

READ MORE:
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The truth about why Jamie Oliver’s restaurant empire went under
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Jamie Oliver’s restaurant group collapses: How it all went wrong

Jamie was most disheartened to have closed his restaurant Fifteen, which was the eatery in which the successful graduates from Channel 4 documentary series ‘Jamie’s Kitchen’ were offered positions.

Fifteen also formed part of the Fifteen Foundation, which aimed to inspire disadvantaged youth, including those with drug or alcohol problems, the unemployed and the homeless, to believe in themselves and the possibility of becoming chefs.

Speaking about Fifteen during an appearance on ‘The Graham Norton Show’, Jamie added: “It was 13 years of hard work and Fifteen was my baby, but I ran out of money, ran out of everything and it was really tough, but you have to crack on and try to get yourself together. I’ve had the best of it – I don’t know anyone who had it better than me – and I’ve had the worst of it – that’s life. You have to focus it to a positive.”

Last year, Jamie spoke about needing to pump £12.7 million ($25.5 million) of his own savings into his Jamie’s Italian restaurant chain to save it from collapsing, although the chain eventually went into administration this year.

He explained: “We had simply run out of cash, and we hadn’t expected it. That is just not normal, in any business. You have quarterly meetings. You do board meetings. People supposed to manage that stuff should manage that stuff.

“I had two hours to put money in and save it or the whole thing would go to s**t that day or the next day. It was as bad as that and as dramatic as that.”

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