Wanna get our awesome news?

Subscribe to our newsletter!


Actually we won’t spam you and keep your personal data secure

As the voice of the Indian restaurant industry, we represent the interests of 500000+ restaurants & an industry valued @ USD 4 billion. Whether a chain or independent restaurant, the NRAI is here to help every step of the way. Join us!


Gordon Ramsay restaurants boil down losses


Turnover at the celebrity chef’s 26 restaurants edged down in the year to August 2014 to £44.7m from £44.8m the previous year.

Gordon Ramsay kept sales across his restaurant empire simmering last year after new openings in south London helped to offset the end of his contract at Claridges hotel.

The group said the performance was “solid” given the recent closure of Ramsay’s restaurant at Claridges and “significant investment in central management costs” made to pave the way for its expansion.

Like-for-like sale rose 5.7% and the group, while Ramsay said his Las Vegas burger joints and London restaurants had enjoyed an “excellent trading performance”.

It also narrowed its operating loss from £5.5m to £1.5m after making an onerous lease provision the previous year on its north London gastropub the York & Albany.

Ramsay, who holds seven michelin stars including three for his flagship restaurant in Chelsea, took over the kitchen at Union Street Cafe in September 2013 followed by London House in Battersea last year.

Since the year-end, the Hell’s Kitchen host has opened five sites in London, Hong Kong and Atlantic City and will open a Bread Street Kitchen in Singapore next month.

Source: City AM

Recommended for you