Beautiful Virgin Islands

Wednesday, Aug 27, 2025

Gordon Ramsay loses nearly £60million as lockdown devastates restaurants

Gordon Ramsay loses nearly £60million as lockdown devastates restaurants

Gordon Ramsay has revealed the staggering effect of the coronavirus pandemic on his restaurant empire, saying he’s lost nearly £60million in turnover in the past year.

The famous chef – who this week revealed he’s been diagnosed with arthritis in his knee – is at the helm of a string of restaurants and companies that run his three-Michelin-star noshery Restaurant Gordon Ramsay, the one-Michelin-star Petrus, and the swanky Savoy Grill. The TV presenter has 18 restaurants across London, and another 17 around the world, with his company Gordon Ramsay Restaurants Ltd, also housing Bread Street Kitchen, Heddon Street Kitchen, London House, Union Street Cafe and Gordon Ramsay Plane Food at Heathrow Airport.

Opening up now about the financial loss his companies took, Bank Balance host Gordon told BBC Radio 5 Live this week: ‘The last 12 months have been the most difficult of my 28-year career…At year end we are something like £58.5m in turnover down in the last 11 months but my rents don’t go down.’

He went on, saying that he has been supported: ‘It’s more than emotion, it’s my life. There was criticism last week on meeting the Chancellor like “Hey what’s Ramsay complaining about? He’s a multi-millionaire”.

‘My business is privately owned and there’s one shareholder and that’s me. So putting in millions of pounds to keep this thing afloat is my personal decision.’

The presenter added his TV work and studio supplemented his earning but insisted his main focus isn’t on making big profits, but is merely on the survival of his nosheries.

The chef was forced to lay off 500 staff last year


Gordon also told The Sun: ‘In December we had £10m worth of reservations wiped out overnight…I’m in it.’

Adding that the lockdowns, which the UK has been in and out of for nearly a year, have caused ‘utter devastation’, Gordon said the livelihoods of those he employs rests on his shoulders.

He said: ‘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.’

Gordon previously spoke on the Frank Warren Heavyweight Podcast about the struggles he was facing amid the Covid-19 pandemic.

‘There will be substantial losses next year, there’s no two ways about that,’ he told the host.

He continued: ‘Running a business is very hard and the margins now not just in the produce and the labour costs and running costs are pretty tiny, so there’s no margin for error.

‘We are going to open up, we are going to [come] back strong and treat this as a new opening and something better than we were doing before we closed.’

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Manhunt in Australia: Armed Anti-Government Suspect Kills Police Officers Sent to Arrest Him
China Launches World’s Most Powerful Neutrino Detector
How Beijing-Linked Networks Shape Elections in New York City
Ukrainian Refugee Iryna Zarutska Fled War To US, Stabbed To Death
Elon Musk Sues Apple and OpenAI Over Alleged App Store Monopoly
2 Australian Police Shot Dead In Encounter In Rural Victoria State
Vietnam Evacuates Hundreds of Thousands as Typhoon Kajiki Strikes; China’s Sanya Shuts Down
UK Government Delays Decision on China’s Proposed London Embassy Amid Concerns Over Redacted Plans
A 150-Year Tradition to Be Abolished? Uproar Over the Popular Central Park Attraction
A new faith called Robotheism claims artificial intelligence isn’t just smart but actually God itself
Deputy Prime Minister Angela Rayner Purchases Third Property Amid Housing Tax Reforms Debate
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Italian Facebook Group Sharing Intimate Images Without Consent Shut Down Amid Police Investigation
Dutch Foreign Minister Resigns Amid Deadlock Over Israel Sanctions
Trump and Allies Send Messages of Support to Ukraine on Independence Day Amid Ongoing Conflict
China Reels as Telegram Chat Group Shares Hidden-Camera Footage of Women and Children
Sam Nicoresti becomes first transgender comedian to win Edinburgh Comedy Award
Builders uncover historic human remains in Lancashire house renovation
Australia Wants to Tax Your Empty Bedrooms
MotoGP Cameraman Narrowly Avoids Pedro Acosta Crash at Hungarian Grand Prix
FBI Investigates John Bolton Over Classified Documents in High-Profile Raids
Report reveals OpenAI pitched national ChatGPT Plus subscription to UK ministers
Labour set to freeze income tax thresholds in long-term 'stealth' tax raid
Coca‑Cola explores sale of Costa coffee chain
Trial hears dog walker was chased and fatally stabbed by trio
Restaurateur resigns from government hospitality council over tax criticism
Spanish City funfair shut after serious ride injury
Suspected arson at Ilford restaurant leaves three in critical condition
Tottenham beat Manchester City to go top of Premier League
Bank holiday heatwave to hit 30°C before remnants of Hurricane Erin arrive
UK to deploy immigration advisers to West Africa to block fake visas
Nurse who raped woman continued working for a year despite police alert
Drought forces closures of England’s canal routes, canceling boat holidays
Sweet tooth scents: food-inspired perfumes surge as weight-loss drugs suppress appetites
Experts warn Britain dangerously reliant on imported food
Family of Notting Hill Carnival murder victim call event unmanageable
Bunkers, Billions and Apocalypse: The Secret Compounds of Zuckerberg and the Tech Giants
Ukraine Declares De Facto War on Hungary and Slovakia with Terror Drone Strikes on Their Gas Lifeline
Animated K-pop Musical ‘KPop Demon Hunters’ Becomes Netflix’s Most-Watched Original Animated Film
New York Appeals Court Voids Nearly $500 Million Civil Fraud Penalty Against Trump While Upholding Fraud Liability
Elon Musk tweeted, “Europe is dying”
Far-Right Activist Convicted of Incitement Changes Gender and Demands: "Send Me to a Women’s Prison" | The Storm in Germany
Hungary Criticizes Ukraine: "Violating Our Sovereignty"
Will this be the first country to return to negative interest rates?
Child-free hotels spark controversy
North Korea is where this 95-year-old wants to die. South Korea won’t let him go. Is this our ally or a human rights enemy?
Hong Kong Launches Regulatory Regime and Trials for HKD-Backed Stablecoins
China rehearses September 3 Victory Day parade as imagery points to ‘loyal wingman’ FH-97 family presence
Trump Called Viktor Orbán: "Why Are You Using the Veto"
×