Gordon Ramsay and Chris Hutcheson sell the Warrington pub
Gordon Ramsay and his father-in-law and former business partner, Chris Hutcheson, have sold the Warrington pub in London's Maida Vale.
The pub, which was owned 50% by Hutcheson and 50% by Ramsay outside of the celebrity chef's restaurant company, Gordon Ramsay Holdings, has been acquired by family-run pub and hotel group Faucet Inn.
Faucet Inn runs a group of 21 traditional English pubs, modern bars and boutique hotels in London and the South-east.
Following a public fall-out with Ramsay, Hutcheson, former chief executive officer of GRH, earlier this year put the Warrington's freehold on the market at an asking price of £5.5m. At the time it was unclear whether Ramsay had agreed to the sale.
A spokeswoman for GRH said today: "We can confirm that the sale of the Warrington has been agreed and contracts have been exchanged with completion in August. The operation is not part of GRH but is jointly owned by Gordon Ramsay and Chris Hutcheson, both of whom have agreed to the sale."
Last year GRH shut its Devonshire pub after it failed to meet trading expectations; the Chiswick pub has since been taken over by the team behind the Drapers Arms, who have relaunched it as the Devonshire Arms.
GRH now has just one remaining pub, the Narrow in Lime House, east London.
For the sale of the Warrington, agent Davis Coffer Lyons advised Ramsay, while Restaurant Property acted on behalf of Hutcheson and AG&G for Faucet Inn.
Team behind the Drapers Arms takes over Gordon Ramsay's Devonshire pub >>
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By Kerstin Kühn
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