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

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