Considering how tough conditions are in the dining industry Gordon Ramsay’s Restaurants (GRR) broke even in 2018.
Last week Jamie Oliver’s restaurant chain went into administration closing, Barbecoa and Fifteen London placing more than 1,000 jobs at risk.
GRR made a profit before tax of £500,000 in the year to 31 August in 2018, according to the Press Association.
This marks a good recovery as pre-tax losses came in at £3.8m in 2017 due to declines in sales.
The Chelsea Restaurant Gordon Ramsay posted a 30% increase in underlying earnings to £5.2m, and turnover for the company as a whole rose by 4.3% to a whopping £53.6m.
Ramsay said, “Guests do not just expect a good plate of food, we are relentless with our food quality, that is a given.
“Our guests want to join us for all occasions be it social or business and then relax in a great environment.
“We have to understand our guests, what they want, where they are heading and we have to head there with them or be left behind.”
Andy Wenlock, chief executive of GRR said they have reviewed their current estate and invested into new concepts, with private dining at Heddon Street Kitchen along with a new lounge at Bread Street Kitchen.
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