Published on 04/11/2016 by Punchmedia

Jamie Oliver Returns to Australian Business

One of the world's most recognisable celebrity chefs, Jamie Oliver is back into the Australian restaurant business in a big way, buying the six-strong Jamie's Italian restaurant franchise chain in Australia. Oliver bought the restaurants from the collapsed Keystone Hospitality Group which was placed into receivership in June after it failed to renegotiate lending arrangements with private equity financiers KKR and Olympus Capital. Dixon Hospitality, led by former Spotless Group chief executive Bruce Dixon, will pick up Keystone's NSW assets including Manly Wine, The Rook, The Winery in Surry Hills, Bungalow 8, Cargo Bar, Chophouse Sydney, and Kingsleys Woolloomooloo. Jamie Oliver said the Australian franchise had some of the best performing Jamie's Italian restaurants worldwide. "The best news that could come out of the situation I've been placed in is for me to buy back the Jamie's Italian franchise," Mr Oliver said via a statement. "This will be a really exciting moment for me personally, and I know the guys will be ecstatic to be back in-house. "It will allow us to invest even more time and money in people and restaurants, celebrate great Aussie produce and be even more creative." Ferrier Hodgson's Morgan Kelly, who is handling the Keystone receivership, said it was an ideal outcome for the Australian Jamie's Italian franchises to return to parent group ownership and operation. * With AFR

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Curtis is a leading expert in the business-for-sale industry, serving as a senior content creator at anybusiness.com.au.

With a career spanning over fifteen years, Curtis has accumulated extensive knowledge in the domain of business sales, acquisitions, and valuations. His deep understanding of market dynamics and his ability to translate complex industry jargon into accessible insights make him a trusted resource for entrepreneurs and business owners looking to buy or sell businesses.

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