Gordon Ramsay has been working with banks to secure the future of his restaurant business from the ongoing impact of Covid-19, according to various reports in financial media today.
The reports are mixed but focus on Ramsay registering charges with Barclays against sixteen parts of his diverse restaurant empire.
The loan charges include the companies that run his three-Michelin-star Restaurant Gordon Ramsay, the one-Michelin-star Petrus and the Savoy Grill.
There are also two loans taken out by Gordon Ramsay Restaurants Ltd, that operate Bread Street Kitchen, Heddon Street Kitchen, London House, Union Street Cafe and Gordon Ramsay Plane Food at Heathrow Airport.
Gordon Ramsay seeks liquidity
An unnamed source is quoted to say: “Gordon is doing what he can to keep his businesses afloat and people in jobs.
“He has personally put several million into the company throughout the crisis to support the business and there are more than 400 staff still on payroll. Clearly like the rest of the hospitality business, he has no idea of when he might be allowed to open and still has costs to cover.”
Details are sketchy, but doubtless as with everything Gordon Ramsay, more will emerge soon.
Whilst Gordon Ramsay is an acquired taste for many, or even Marmite, we hope his work with the banks does secure a future for his restaurant businesses.