TV chef’s holding company is likely to lose much of the £57.7m that was owed it
Most of the £80m Jamie Oliver’s restaurant chain owed after its collapse last May will not be recovered, according to the firm’s administrators.
The losses will affect both secured and unsecured creditors, KPMG said in its latest progress report. The administrator indicated that, while it had continued to run three of the chain’s restaurants and to chase down debtors in a bid to return as much as possible, the deficit was still likely to be severe.
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