2374 days ago
The Jamie's Italian chain is in trouble. It emerged last week that its parent company, the holding company for the interests of the self important chef, has had to hand out, what it terms, a short-term loan to keep the chain going. Jamie has also brought in outside consultants Alix Partners to devise a turnaround for the chain which in 2016 lost £9.9 million on sales of £112 million. Despite shutting six sites in January it is still bleeding cash. There are some big takeaways from this.
