Jamie Oliver's restaurant in Turkey has been forced to file for bankruptcy after only 14 months of operation. The Jamie's Italian in Istanbul's $2.5billion Zorlu Center Mall was unable to reach targets due to a tough economic climate, it was reported. A bankruptcy hearing was told the chain, which is the Italian eatery's largest branch abroad in the summer when it can accommodate almost 200 diners on its outdoor terrace, planned to cut staff and put in more capital after experiencing financial difficulties. Scroll down for video Jamie Oliver's Istanbul restaurant filed for bankruptcy after only 14 months of operation. Pictured, the celebrity chef, 39, at Jamie's Italian in Manchester
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Jamie's Italian in Istanbul's $2.5billion Zorlu Center Mall opened in 2013
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But despite its prominent location, it experienced financial difficulties
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Bankruptcy hearing was told chain would cut staff and put in more capital
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Lower prices and tough economic conditions were to blame, company said
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But economist says: 'Turks do not hesitate to eat out even in tough times'
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A spokesman for Mr Oliver said restaurant is 'trading well' and won't close
After leaving school at 16 years old with just two GCSEs, @placeholder has built a £240million business empire and is one of the most recognised chefs in the world.