Monday 17 June 2019

TV chef Gordon Ramsay hires BDO to find investors

Gordon Ramsay
Gordon Ramsay

Patrick Edwards

Celebrity chef Gordon Ramsay is working with BDO to find investors to help fund his business, according to UK media reports.

The cook may sell a 50pc stake in his business in a move than would value his company at £80m (€102m), the 'Sunday Times' reported.

The news comes as Ramsay has worked hard to raise his profile. He hosts different network TV shows and also owns 24 restaurants around the world, which hold a combined seven Michelin stars.

Ramsay, who comes from Scotland, first became famous in 1998 when he opened his own restaurant in London and earned three Michelin stars.

"I felt vindicated, I suppose, like an actor who gets an Oscar or an NFL player who has a Super Bowl ring," he told the most recent edition of US magazine 'Variety'. "I just felt like that journey was worth it. And now that I've won them, how do you keep them?"

The 47-year-old made headlines not so long ago thanks to public debts, restaurant closures and a split with his father-in-law and business partner Chris Hutcheson.

In 2011 there was a major restructuring of Gordon Ramsay Holdings in 2011 which gave greater freedom to individual restaurants. Despite these problems he recently told the 'Guardian' newspaper that the business was as "strong as an ox, skin thick as a rhinoceros".

Irish Independent

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