Gordon Ramsay’s UK restaurants stay in red despite sales topping £100m
Summary
Gordon Ramsay’s UK restaurants made over £100 million in sales last year but still had a loss of £5.8 million, smaller than the previous year. Globally, his restaurant group grew sales and profits, opening new locations in different countries and focusing on partnerships to expand.Key Facts
- UK sales rose to almost £101 million, but the business lost £5.8 million, less than the £9.4 million loss before.
- The UK group includes 34 restaurants, such as Savoy Grill, Pétrus, and Lucky Cat.
- Global sales increased 7% to £151.8 million, with profits rising 12% to £14.4 million.
- The global group includes 103 restaurants, including those in the US, Middle East, and Asia.
- The business benefited from the Netflix documentary "Being Gordon Ramsay" and new openings like the 100th restaurant at 22 Bishopsgate, London.
- The company is focusing on profitability, controlled investment, and growth through partnerships and licensing deals.
- Gordon Ramsay’s UK business was affected by the pandemic, leading to job cuts and losses, but has since improved.
- The group did not pay dividends to shareholders this year.
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