Jamie’s Italian failure costs councils £1.3m.
Hard-pressed councils are likely to lose more than £1.3 million from the collapse of Jamie Oliver’s restaurant chain as administrators come close to winding up the stricken business.
Documents published by KPMG, which is managing the chain’s insolvency, show that unsecured creditors, including 19 councils, will see more than 90 percent of the cash they are owed wiped out.
Hard-pressed councils are likely to lose more than £1.3 million from the collapse of Jamie Oliver’s restaurant chain as administrators come close to winding up the stricken business.
Documents published by KPMG, which is managing the chain’s insolvency, show that unsecured creditors, including 19 councils, will see more than 90 percent of the cash they are owed wiped out.
Jamie’s Italian failure costs councils £1.3m.
Hard-pressed councils are likely to lose more than £1.3 million from the collapse of Jamie Oliver’s restaurant chain as administrators come close to winding up the stricken business.
Documents published by KPMG, which is managing the chain’s insolvency, show that unsecured creditors, including 19 councils, will see more than 90 percent of the cash they are owed wiped out.
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