According to The Guardian, Gordon Ramsay’s restaurant “empire” lost 3.4 million pounds ($4.2 million) in 2023, an increase of 3 times compared to the previous year. The celebrity chef said businesses are “fighting to survive” due to rising rents and food costs.
According to The Guardian, sales at celebrity chef Gordon Ramsay’s dining establishments, from Michelin-starred Restaurant Gordon Ramsay to Street Burger, rose 21% to £95.6m in the financial year. until August 27, 2023.
The restaurant chain also hired an additional 290 employees after a difficult time during the pandemic shutdown.
However, pre-tax losses widened to 3.4 million pounds ($4.2 million) from 1.05 million pounds the previous year, following a one-off expense of 4.9 million pounds.
Much of that relates to pre-opening costs for new restaurants, including Lucky Cat in Manchester, Street Kitchen Banh Mi at Battersea Power Station and Street Pizza in Edinburgh. Mr Ramsay also bought Shoreditch restaurant Pizza East.
Mr. Gordon Ramsay.
While the losses have worsened, they still mark a turnaround after the pandemic brought chef Ramsay’s business to a halt and forced him to cut nearly 300 jobs amid a £12 million loss. Older brother.
Mr Gordan Ramsay said: “2023 is a really difficult year but also an exciting year and in difficult times I am amazed at how strong and vibrant our industry is. It’s challenging out there and businesses are struggling to stay afloat, costs, rent and food are rising, and strikes are taking place. It’s a battle.”
The MasterChef US judge added: “However, I really don’t think so many years have passed since I opened my first restaurant in 1998, when our industry has had so much passion and excitement. “.
“People still want to go out, break bread and have a good time together. We still have something great to celebrate and I truly believe this industry has never been more exciting,” said Mr. Ramsay.
Gordon Ramsay, who opened his first solo business Gordon Ramsay at Royal Hospital Road in Chelsea in 1998, said he is on track to surpass a turnover of £100m this year.
He plans to open five new restaurants in London’s 22 Bishopsgate skyscraper – including the 60th-floor rooftop restaurant Lucky Cat, making it the British capital’s tallest restaurant.
The development will also include an outpost of Bread Street Kitchen and Bar, plus the Michelin Gordon Ramsay Restaurant in Chelsea and the Gordon Ramsay Academy, where food enthusiasts can hone their skills .
Mr Ramsay said: “This is not just a new opening but a major milestone for our business. Not only are we delivering the ultimate culinary experiences in London, but we are also creating a vibrant culinary hub at the incredible 22 Bishopsgate.”
