Gordon Ramsay Group

Telephone:

020 7592 1360

Activities:

Gordon Ramsay Group is an international collection of standalone and hotel-based fine dining and more casual restaurants owned by Scottish-born celebrity chef Gordon Ramsay, whose Michelin star achievements, inspirational cookbooks and expletive-fuelled TV programmes have made him a household name across the world.

UK sites are concentrated in London (excepting a restaurant at Heathrow Airport) and include a gastropub and boutique hotel, while overseas venues are run on a consultancy basis.

The group was founded by Ramsay and his father-in-law Chris Hutcheson in September 1998 after Ramsay quit A-Z Restaurants, where he had made his mark by winning two Michelin stars for his part-owned Chelsea restaurant Aubergine. The split was acrimonious, involving the sacking of his protégé Marcus Wareing at A-Z’s L’Oranger restaurant and a protest walkout by 44 staff.
 
With his first restaurant, Restaurant Gordon Ramsay, Ramsay became the youngest British chef to win three Michelin stars (Marco Pierre White was the first UK-born chef to win three stars). In 2007, Ramsay’s 12 stars temporarily tied him with Alain Ducasse as the world’s most Michelin-starred chef and by 2014 the group had been awarded a total of 16 Michelin stars since its conception.   
 
A 2003 Caterer survey identified Ramsay as the third greatest living chef after the Roux brothers and Marco Pierre White. The chef is also celebrated for his ability to spot and nurture talent such as Marcus Wareing, Angela Hartnett, Jason Atherton, Mark Sarjeant and Mark Askew (who have since branched out on their own) and Clare Smith, who became the first UK female chef to head up a three-Michelin-starred restaurant.

Early expansion was facilitated by deals with hotel groups, most notably the US-based Blackstone Group - its Claridges, Connaught, Berkeley and Savoy London hotels all opened Ramsay restaurants in the early 2000s and its LXR Luxury Resorts company provided Ramsay with his initial foothold in the USA in 2006. The group’s first overseas consultancy opened at the Dubai Hilton Creek hotel in 2001.
 
Growth accelerated in 2007 and 2008 (when the group opened Foxtrot Oscar, the Warrington gastropub, Gordon Ramsay Plane Food, Murano, the York & Albany and Maze Grill at the Marriott Grosvenor Square hotel in the UK alone, along with restaurants in Prague, Paris and Los Angeles overseas).

But recession and over-expansion led to a financial crisis that brought the Gordon Ramsay Group close to collapse in early 2009 and sparked a flurry of sell-offs, especially overseas. In 2010, a high-profile and bitter feud erupted between Ramsay and his father-in-law Chris Hutcheson that included a dispute over the ownership of Pétrus, an attempt by Hutcheson to wind down the company and allegations of tax fraud.

The group signaled a new direction in 2011 when it opened Bread Street Kitchen in London, a more casual, all-day dining concept that spearheaded the group’s first move into south-east Asia when a Hong Kong branch opened in September 2014. In 2012, the group teamed up with Caesars Palace Corp to open three restaurants (a steakhouse, gastropub and burger restaurant) in Las Vegas.

Key People:

Chairman/owner Gordon Ramsay
Managing director Stuart Gillies
Finance director Malcolm  France
Operations director Andy Wenlock
Commercial director Amanda Dobinson
Brand & communications director Jo Livingston
HR director Andrew Lawson

Commentary:

Operating Data:

Financial Snapshot:

Full year to August 31 2013

Turnover £44.7m (2012: £43.1)
Gross profit £21.6m (2012: £19.5)
EBITDA £5m 2012:£4.8m)
Profit £2.9m (2012: £1.9m)

Address:

539-547 Wandsworth Road

London,

UK