Gordon Ramsay's restaurant group lost £6.8 million last year and shed 300 staff as the impact of Covid lockdowns caused his culinary empire to suffer. The celebrity chef's businesses saw pre-tax losses increase by £1.8 million in the year to August 2021, up from £5 million the previous year, as restaurant closures and social restrictions affected the group for the second year running.
Its latest filings, released this week, show that the business shed about 300 employees in the same period. They were mainly restaurant staff, but the company also lost almost a quarter of its head office workers.
The business warned that further challenges are ahead, with inflation putting pressure on consumer spending and supply chain issues pushing up commodity prices. The restaurant group could suffer significantly reduced sales and diminished margins, similar to the 20% drop in sales seen over the Omicron period between November and February, according to its worst-case scenario.
