Jamie Oliver’s Italian restaurant CLOSES in Istanbul after its parent company suffers £10million losses

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CELEBRITY chef Jamie Oliver’s Istanbul restaurant has gone bust after its parent company recorded losses of nearly £10 million last year.

The branch of Jamie’s Italian in the Turkish city’s Zorlu Centre opened early in 2013 and was the 32nd of his trendy eateries around the world.

 The Istanbul diner was opened in the Zorlu Centre early in 2013

EuroPics – CEN
The Istanbul diner was opened in the Zorlu Centre early in 2013

However, it quickly ran into financial trouble, only narrowly avoiding bankruptcy less than two years later.

Now the courts in Turkey have ruled that the company must go into liquidation and the restaurant has shut its doors.

An appeal has been lodged against the decision, reports the Daily Sabah.

The Jamie’s Italian franchise, which has 42 restaurants across the world, has suffered a bad year, with profits plummeting by 78 per cent in 2016.

 Jamie’s Italian franchise has 42 restaurants across the world

Central European News
Jamie’s Italian franchise has 42 restaurants across the world
 High prices have been blamed for the low number of customers

EuroPics – CEN
High prices have been blamed for the low number of customers

Six of its British branches have closed, including one in central London.

In November Jamie, 42, had to buy back an Australian branch from creditors after it went bankrupt.

The first opened in Oxford in 2008.

High prices have been blamed for the low number of customers visiting the restaurant, especially as the value of the Turkish lira tumbles and food prices soar.

Inflation rose almost 11 per cent in August compared with the same period in the year before. Food prices alone increased 14 per cent in June.

 Istanbul’s leisure sector is also reeling from two years of terror attacks

EuroPics – CEN
Istanbul’s leisure sector is also reeling from two years of terror attacks
 Tourist numbers across the country dropped by 30 per cent

EuroPics – CEN
Tourist numbers across the country dropped by 30 per cent

Istanbul’s leisure sector is also reeling from two years of persistent terror attacks by ISIS and the banned Kurdish separatist group the PKK.

Tourist numbers across the country dropped by 30 per cent last year, although they have bounced back in 2017.

Oliver is also known for his food-focused television shows, cookbooks and more recently his global campaign for better food education.

Jamie’s first job was a pastry chef at Antonio Carluccio’s Neal’s Yard restaurant, where he first gained experience with preparing Italian cuisine.

Jamie Oliver pranked on Ant & Dec’s Saturday Night Takeaway

It was there that he was noticed by the BBC in 1997. In 1999 his BBC show The Naked Chef debuted, and his cookbook became bestseller in the UK.

Jamie, 42, was awarded an MBE in 2013 for “outstanding achievement or service to the community”.

The chef shot to prominence in 1997 after making an appearance in a TV documentary called Christmas at the River Cafe.

He is married to Juliette, also known as Jools, with whom he has five children: Poppy Honey Rosie, Daisy Boo Pamela, Petal Blossom Rainbow, Buddy Bear Maurice and River Rocket.

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