Jamie Oliver and his spouse Jools have paid themselves £6.8m in dividends after his companies’ complete earnings rose by virtually a fifth.
The Jamie Oliver Group stated earnings had been boosted by the movie star chef’s TV sequence Jamie’s £1 Wonders, which Channel 4 launched in response to the price of residing disaster.
An common of 1.4 million viewers tuned in, together with a higher-than-usual proportion of 16 to 35-year-olds, it stated.
A spokesperson for the group of firms confirmed the couple acquired the payout final 12 months after it reported pre-tax earnings of £7.7m in 2022, up 17.5% on 2021.
Income was additionally improved by his vary of meals merchandise, cookery college lessons, different TV sequence Jamie’s One Pan Wonders, a promotional partnership with Tesco, and Oliver’s cookbook ONE, which has offered two million copies thus far.
It marks a turnaround from when Oliver’s UK restaurant chain, Jamie’s Italian, collapsed in 2018 with money owed of as much as £83m.
Administrators later revealed it led to the lack of 1,000 jobs and the closure of twenty-two branches. Oliver acquired a dividend cost of £5.2m from his enterprise empire earlier than the collapse.
But since then his worldwide restaurant franchise enterprise has grown to greater than 70 retailers in 23 international locations – with the chef planning to relaunch within the UK with a brand new eatery in London’s Covent Garden later this 12 months.
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The group’s chief govt, Kevin Styles, stated: “The Jamie Oliver brand continues to resonate with audiences around the world.
“We plan to convey collectively all points of our group, together with media, eating places, merchandise and the Ministry of Food, with a powerful digital transformation plan.”
Mr Styles added that the enterprise empire deliberate to enter new markets and needed to “maximise our brand’s commercial and social impact”.
Speaking earlier this 12 months about his plans to re-enter the British restaurant commerce, Oliver stated: “Losing my UK restaurants was without doubt one of the hardest times of my life.
“But being a constructive a part of the restaurant trade may be very near my coronary heart. We learnt classes as we grew the worldwide eating places…
“So I’m very excited to open this restaurant in London and with an exceptional team, once again, serve the public.”
Content Source: information.sky.com