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    RCM Weekly review - December 2019 - Week 50

     

     This week: Jamie Oliver's Fifteen Cornwall restaurant closes with immediate effect putting up to 100 jobs at risk and Supercuts bought out of Administration in deal that saves 1,000 jobs.

    12th December 2019

     Jamie Oliver's Fifteen Cornwall restaurant closes with immediate effect.

    Jamie Oliver's Fifteen Cornwall restaurant closes with immediate effect putting up to 100 jobs at risk.

    It has been announced that Jamie Oliver’s, Fifteen Cornwall is to close with immediate effect. Fifteen Cornwall was run by the Cornwall Food Foundation. Fifteen Cornwall, located near Newquay, opened in 2006 and was setup to train people to work in its kitchen. Around 70 jobs are at risk in the restaurant with an additional 30 posts at the charity are expected to be lost.

    Jamie Oliver's restaurant group which included Jamie’s Italian went into administration back in May. JAMIE'S ITALIAN CLOSURE Trustees have said that Fifteen Cornwall's closure is unrelated. Matthew Thomson chief executive of Cornwall Food Foundation said, “This is an incredibly sad day for everyone and we will try our best to support those who have been impacted. I am profoundly sorry for the hurt, loss and distress this announcement will undoubtedly cause. We are extremely grateful to all our loyal customers and amazing suppliers and to the partners, staff and trainees that have made Fifteen Cornwall and the Cornwall Food Foundation so special for almost 14 years.” When asked to comment Mr Oliver said he was "surprised and saddened" about the latest closure."


    Read more here:
    https://www.cornwallfoodfoundation.org/



    13th December 2019

     Supercuts bought out of Administration

    Supercuts bought out of Administration in deal that saves 1,000 jobs

    Regus UK, the owner of the supercuts and Regis hairdressing chains has been brought out of Administration through a management buy-out of supported by entrepreneur Lee Bushell. This rescue deal saves 140 branches and 1000 jobs. However, the deal will also lead the closure of around 60 sites putting 200 jobs a risk. Regis fell into administration in October SUPERCUTS ADMINISTRATION.

    Matt Cowlishaw, speaking on behalf of administrators Deloitte said, "We are pleased to have concluded the sale and for being able to preserve a significant number of jobs at two well-known brands."


    Read more here:
    https://www.bbc.co.uk/news/business-50744834


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