Gino D’Acampo’s restaurant chain goes into liquidation with staggering debts of £5m

Gino D’Acampo’s restaurant chain goes into liquidation with staggering debts of £5m

01/03/2022

Gino D'Acampo renews his wedding vows with wife Jessica

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Gino D’Acampo’s My Pasta Bar Chain has allegedly lost an extortionate amount of money since it opened in 2013 and has now fallen into liquidation after borrowing millions and laying off staff. According to reports in The Sun, paperwork obtained by Companies House state that the chef has called in liquidators.

His Gino D’Acampo My Restaurant chain is not affected by the liquidation.

According to MailOnline, the Leadenhall Market site was still decorated with its logos but a sign was hanging in the window, apologising for its closure until further notice due to Covid.

The same notice hung in the window of the Fleet Street restaurant.

A Facebook page for the chain said inspiration for the restaurants was inspired by “Gino’s own experience of the fresh food markets of Naples”.

It prided itself on “transporting the customer to Italy” with the “sounds and smells” of authentic Italian cuisine.

It specialised in serving fresh pasta and homemade sauces quickly to suit the lifestyle of a busy city-dweller.

In October 2020 It was reported that Gino was bailed out by Iceland founder, Sir Malcolm Walker, and senior executive Tarsem Dhaliwal.

It is believed the businessmen stepped in with a six-figure loan, but it wasn’t enough to save the chain.

A source told MailOnline’s This Is Money: “As to why Gino’s restaurants have lost so much money, I don’t really know.

“The losses must have gone up even more because of the pandemic.”

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TV personality Gino has a net worth of around £8 million, according to Celebrity Net Worth.

He became a household name after appearing as a regular chef on This Morning and winning I’m A Celebrity…Get Me Out Of Here! in 2009.

Gino has since hosted Gino’s Italian Escape for seven series and replaced Vernon Kay as the host of ITV’s Family Fortunes in 2020.

He has also developed ready meals for Tesco and has 15 cookbooks to his name.

The chef married his wife Jessica in 2002 and they now share three children, Luciano, 19, Rocco, 15, and Mia, eight.

The family live in a £1.25 million home in Hertfordshire, and have a second home in Sardinia, Italy. 

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