Jamie’s eatery chain collapses into insolvency

Celebrity chef Jamie Oliver’s British restaurant chain filed for bankruptcy protection on Tuesday, partly due to increased competition and escalating rents in local commercial districts. The insolvency will leave 1,000 people out of work and reignited worries about local retail and food outlets in Britain, which are struggling to attract customers much like downtowns in the US.

from World News Headlines, Latest International News, World Breaking News - Times of India http://bit.ly/2JW4uX0