Gordon Ramsay: my restaurants are £60m down thanks to Covid

Gordon Ramsay has suffered his personal kitchen nightmare throughout the pandemic together with his restaurant empire lacking out on practically £60m of commerce.

The celeb chef stated that in December his 35 UK restaurants had £10m price of reservations “wiped out overnight” when coronavirus restrictions had been reimposed.

“As of 19 March to 3 February this year we’ve suffered £57.5m worth of turnover down,” stated Ramsay. “I’m in it.”

Ramsay has 18 restaurants in London together with Pétrus, Bread Street Kitchen and Restaurant Gordon Ramsay, in addition to an extra 17 worldwide. In 2019, the businessman changed his Maze Grill venue in Mayfair with Asian-themed Lucky Cat.

The chef, who’s presenting new BBC quizshow Bank Balance, stated his firm had used the federal government’s furlough scheme to protect lots of of jobs on the group.

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“Lockdowns have caused utter devastation,” he informed the Sun. “Having been through so much with the 2008 financial crash, then terrorist attacks and 9/11, when Covid first hit, we all thought it would be over and done with in a couple of weeks. But it’s been long haul.”

The final set of accounts for Gordon Ramsay Restaurants, which had been filed in September 2020, present a pretax revenue of £15.2m on gross sales of £54.7m in 2019.

The pandemic has had a “significant impact” on the group’s funds, stated the group’s chief government, Andy Wenlock, in a word to the accounts. It had negotiated lease concessions with landlords and secured extra financial institution funding and anticipated having the ability to meet its liabilities for at the very least 12 months.

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