Gordon Ramsay's restaurant group returns to profit

By Sophie Witts contact

- Last updated on GMT

Gordon Ramsay's restaurant group returns to profit

Related tags: Chefs

Gordon Ramsay’s restaurant group is back in the black after posting a loss in 2017.

The chef’s company recorded a pre-tax profit of £500,000 for the year to August 2018, reports The Guardian.

Sales rose 4.3% to £53.6m, which it hailed as a “strong performance”.

Ramsay’s group, which includes 38 restaurants in London and overseas, posted a pre-tax loss of £3.8m the previous year​ which it attributed to legal bills and the five-month closure of Plane Food at Heathrow Airport.

The chef revealed he is planning to expand Street Pizza,​ the bottomless pizza concept which opened on the ground floor of London’s Bread Street Kitchen in 2018, outside the capital.

Ramsay runs 15 London restaurants, including the three-Michelin-starred Restaurant Gordon Ramsay on Royal Hospitality Road.

He closed his Maze restaurant in Mayfair in February after 14 years of trading and will reopen the site as Asian-inspired Lucky Cat​ on 24 June. The Guardian​ reports the restaurant has already taken 3,000 reservations since opening bookings on 23 May.

Related topics: Business

Related news

Show more

Spotlight

Follow us

Hospitality Guides

View more

Featured Suppliers

All suppliers

Free Email Newsletter

Subscribe to BigHospitality

The trusted industry reference point

Get the latest news & analysis from the UK hospitality sector straight to your inbox!