Jamie Oliver slims down with six restaurants shut amid Brexit pain
http://news.sky.com/story/jamie-oliv...-pain-10719490
Pressure is starting to build.
http://news.sky.com/story/jamie-oliv...-pain-10719490
Quote:
“Jamie Oliver has confirmed plans to close six Jamie's Italian restaurants, with the Brexit vote taking some of the blame.
His company announced that outlets in Aberdeen, Cheltenham, Exeter, Tunbridge Wells and Ludgate and Richmond - both in London - would shut by the end of March.
Its statement suggested trading at the restaurants had also not been up to scratch but it hoped to move the 120 staff affected to other eateries within the group.
There are currently 70 Jamie's Italians worldwide. Of these, 42 are in the UK and are likely to have been hit by higher costs for imported ingredients since the EU referendum because of the collapse in the value of the pound.”
“Jamie Oliver has confirmed plans to close six Jamie's Italian restaurants, with the Brexit vote taking some of the blame.
His company announced that outlets in Aberdeen, Cheltenham, Exeter, Tunbridge Wells and Ludgate and Richmond - both in London - would shut by the end of March.
Its statement suggested trading at the restaurants had also not been up to scratch but it hoped to move the 120 staff affected to other eateries within the group.
There are currently 70 Jamie's Italians worldwide. Of these, 42 are in the UK and are likely to have been hit by higher costs for imported ingredients since the EU referendum because of the collapse in the value of the pound.”
Quote:
“The announcement highlights the pressure facing businesses and consumers from rising costs.
Next is the latest major retailer to warn of looming price hikes - of up to 5% in its case - because of increased import costs while the RAC pointed to a £10 increase over 12 months in the cost of filling an average tank with diesel.
Consumer price inflation already stands at a two-year high.”
“The announcement highlights the pressure facing businesses and consumers from rising costs.
Next is the latest major retailer to warn of looming price hikes - of up to 5% in its case - because of increased import costs while the RAC pointed to a £10 increase over 12 months in the cost of filling an average tank with diesel.
Consumer price inflation already stands at a two-year high.”
Pressure is starting to build.



