"We had simply run out of money" ("teetering on the brink…
"We had simply run out of money"
"teetering on the brink of bankruptcy"
failure caused by bad accounting
new objective: survival
"someone let him down and he is not too pleased"
failure due to recruiting the wrong people
higher experience requirements for job
higher education requirements for job
more lengthy interview process to ensure that the candidate is right for the job
"Inject 7.5m from his own bank account into the restaurants"
If a limited liability company, he could lose this money because he is investing it into the businessa
"make hundreds of people redundant"
redundancy: letting people go for no fault of their own
e.g. company shuts down department store and makes cashier redundant
Jamie Oliver has a global brand
advantage: access to lucrative markets worldwide
disadvantage: increased costs transporting products and marketing abroad
"pound has devalued making imports more expensive"
inability to break even
"Everything from talent agencies to graphic design studios to restaurants"
when a business acquires a business from a different sector