The publication also reports that in the whole seven years that the restaurants were running (2009 - 2015) the company netted a meagre £24million (nearly $45 million).
Despite Jamie's Italian's high turnover rate of almost a quarter of a billion pounds between 2008 and 2017, the restaurant still made a net loss of £15million over the same period.
Director of the Centre for Retail Research, Professor Joshua Bamfield, told MailOnline that at no point was Jamie's restaurant buisness a success.
"There’s no evidence it was ever a successful business. On the basis of these figures, they should have been hitting the panic alarm four to five years ago."
Bamfield continued: "It looks like reckless expansion – from the time they hit £100m, profits are threadbare and then they’re negative. Really there’s no justification for the continued expansion after 2014."