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Wednesday, May 22, 2024

Gordon Ramsay tripled his losses. In the industry “fight to stay afloat”

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Renowned presenter Gordon Ramsay's restaurant empire tripled its losses to £3.4 million last year, writes The Guardian. The costs increased mainly as a result of preparations for the opening of five new restaurants. Ramsay himself admits that the situation in the industry is difficult, and companies are “fighting to stay afloat.”

Gordon Ramsay is a chef, cookbook author, restaurateur and TV star. The Briton has nearly 60 restaurants around the world.

Gordon Ramsay Sterling Munksgard/Shutterstock

Sales at the celebrity chef's UK eateries rose 21 per cent to £95.6m last year.

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Ramsay counts his losses

However, expensive investments meant that the losses of the famous chef's catering empire increased to 3.4 million pounds.

Gordon RamsayDavid Davies/PA Wire/PAP/EPA

The losses mainly result from costs incurred in preparing for the opening of new restaurants, including Lucky Cat in Manchester, Bread Street Kitchen in the capital's Battersea and Street Pizza in Edinburgh.

– In difficult times, it amazes me how strong our industry is. Companies are struggling to stay afloat, there are rising costs such as rent and food prices, and numerous strikes. This is a fight, Ramsay said.

However, the star does not lose hope, which he sees in the growing number of customers and the constant willingness of British people to visit restaurants.

The post-pandemic rebound is still noticeable

Although the losses have exceeded those from a year ago, they are still much smaller compared to those during the pandemic, when they exceeded as much as £12 million. The closure of restaurants and the suspension of business activities throughout the country forced the restaurateur to make difficult decisions. As many as 300 jobs were eliminated at Ramsay's premises.

Main photo source: David Davies/PA Wire/PAP/EPA



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