Jamie's Italian reaches milestone revenues

Jamie Oliver

Jamie Oliver

First published in Business news
Last updated

TURNOVER at Jamie's Italian, the restaurant chain launched by celebrity chef Jamie Oliver six year ago, has surpassed the £100 million mark for the first time.

Reporting a "solid" performance in its full year results, for the year ending January 5, 2014, the business, which has a restaurant in Lendal, reported revenues of £101.8 million, 8.5 per cent higher than the previous year's turnover of £92.5 million.

However, pre-tax profits fell to £5.6 million from £7.7 million a year earlier, with EBITDA also falling by 9.6 per cent to £12 million.

The group said the "short-term" impact on profitability was down to the development and launch of its 'Gold Club' customer reward scheme and "heavy investment" across its international operations during the period.

Jamie's Italian was founded in Oxford in 2008 and now has 36 restaurants across Great Britain with a global workforce of more than 2,500 staff.

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