Jamie Oliver reveals business frailties

Celebrity chef and food activist Jamie Oliver has admitted the recession could "easily" shut down his businesses.
Jamie Oliver has admitted he is worse off now than he was 10 years ago and confessed the recession could "break" his businesses. Oliver - who aside from his TV career, is a best-selling author, has a chain of Italian restaurants, a string of Recipease food and kitchen shops and runs the charitable 15 Foundation - says despite his status and fame, banks are reluctant to lend him money. "I've got less in my bank now than I had 10 years ago. To employ that quantity of people alone - let alone if the business requires warehousing or product or whatever it is that you need - you need cash," Jamie told the BBC. "I don't have anywhere near enough cash to do, necessarily, the things I want to do so you go to the banks. The banks are crap and, if you're not keen on venture capitalists and taking it from people who don't have cultural care, that means being really brave and that means putting everything on the line, which is what I've done. It could break easily. Easily."

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