Jamie and Jools Oliver rewarded themselves with a dividend of nearly £7m in the previous year, thanks to the international expansion of Jamie’s restaurant franchise. This financial success marks a significant turnaround for Mr. Oliver, who plans to open a new UK site, the first since the bankruptcy of his Jamie’s Italian chain in 2019.
Mr. Oliver’s business empire, comprising TV shows, book publishing, and restaurants, experienced an impressive 8.1% increase in revenues, amounting to £29.7m for the year ending December 2022. Furthermore, the group managed to boost pre-tax profits by 17.5%, reaching £7.7m compared to the previous year, which paved the way for a substantial £6.8m dividend payout.
With the addition of 13 new sites last year, the Jamie’s restaurant franchise now boasts a total of 70 locations spanning 22 countries. Notable additions include new Jamie’s Italian sites in Dubai and a Jamie Oliver’s Pizzeria in India. However, the company terminated a franchise agreement in Russia following the invasion of Ukraine.
In September, Mr. Oliver published his latest book, ONE, which has already sold an impressive two million copies.
These achievements mark a remarkable turnaround for Jamie Oliver, as they come four years after the collapse of Jamie’s Italian, resulting in the closure of 22 restaurants and the loss of 1,000 jobs. Additionally, Mr. Oliver was compelled to shut down his Barbecoa steakhouses in London as well as his flagship restaurant Fifteen.
Denial of responsibility! VigourTimes is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
