The celebrity chef has appointed KPMG to handle the administration of his group of 23 restaurants including Jamie’s Italian, Barbecoa and Fifteen, leaving up to 1,300 jobs at risk.

Whilst it comes as no surprise to see yet another retail chain hit the buffers, following hot on the heels of Gaucho, Debenhams and Patisserie Valerie, what is more surprising is that the administration comes barely a year after Jamie’s Italian entered into a CVA with its creditors, closing 12 sites and making 600 staff redundant, and an injection of £7.5 million of Jamie Oliver’s own savings into the business.

This is a stark reminder that CVAs are not a panacea for ailing retail chains.