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Gordon Ramsay plans regional restaurant drive

31 May 2016 by
Gordon Ramsay plans regional restaurant drive

Gordon Ramsay is considering three new UK restaurants as the celebrity chef's restaurant group looks to expand beyond London.

It currently operate 14 sites in London and 15 more globally, and is looking to open regional UK sites as well as more in the US as part of Ramsay's partnership with Caesars Palace.

Gordon Ramsay Group chief executive Stuart Gillies told the Guardian: "We are looking at properties in Manchester, Birmingham and Leeds. There's a great dining scene there and we are just considering what the options are."

The news comes as it was revealed that sales in Kavalake, Gordon Ramsay Group's holding company, rose 12.6% to £50.3m, with losses reported at £1m for the year to 31 August 2015, down from £1.5m the year before.

The loss was in the main down to £4m legal costs relating to the closure of the Fat Cow restaurant in Los Angeles in 2014.

Gillies added: "I'm pretty comfortable we will be back in the black. Our forecasts look to be on target and there is nothing in the woodwork on litigation and that is great news after years under that cloud.

"We are glad to be in London in this period. There is more competition, but the more operators that come in they raise the level of quality. Certain restaurants will go but that's the nature of business because the quality should remain. London is the capital of the world for quality and creativity."

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