Advertisement
UK markets open in 7 hours 53 minutes

  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     

  • HANG SENG

    18,479.37
    -98.93 (-0.53%)
     

  • CRUDE OIL

    78.38
    0.00 (0.00%)
     

  • GOLD FUTURES

    2,322.80
    -1.40 (-0.06%)
     

  • DOW

    38,884.26
    +31.99 (+0.08%)
     

  • Bitcoin GBP

    49,836.80
    -923.53 (-1.82%)
     

  • CMC Crypto 200

    1,305.28
    -59.85 (-4.38%)
     

  • NASDAQ Composite

    16,332.56
    -16.69 (-0.10%)
     

  • UK FTSE All Share

    4,522.99
    +53.90 (+1.21%)
     
Money:

The retirement income gap no-one is talking about

People are living longer than ever before and this can impact how you plan for retirement

Celebrity chef Jamie Oliver hires bank to find restaurant investor - Times

Reuters - UK Focus

LONDON, May 16 (Reuters) - British celebrity chef Jamie Oliver has hired advisers at Royal Bank of Canada (Other OTC: RBKDF - news) to help find private equity investors and funds to purchase a stake in his restaurant business, the Times newspaper said, citing sources close to the situation.

The so-called 'Naked Chef', whose fortune is estimated at around 180 million pounds ($283 million), floated the idea of attracting an outside investor to help expand his network of Italian restaurants late last year.

A spokesperson for Oliver could not immediately be reached for comment.

Oliver owns seven restaurant brands, including Jamie's Italian and Fifteen.

ADVERTISEMENT

His restaurant business had revenues of 110 million pounds with core earnings of around 14 million pounds, sources told Reuters in December.

($1 = 0.6361 pounds) (Reporting by Karolin Schaps; Editing by Elaine Hardcastle)