Gordon Ramsay - Gordon Ramsay Holdings

Gordon Ramsay Holdings

All of Ramsay's business interests (restaurants, media, consultancy) are held in the company Gordon Ramsay Holdings Limited. Run in partnership with his father-in-law Chris Hutcheson, Ramsay owns a 69% stake valued at £67 million.

Whereas previous ventures acted as a combined consultant/brand, in November 2006 Ramsay announced plans to create three restaurants in the United States in partnership with private equity firm Blackstone Group, who are refurbishing each of the chosen hotels into five star locations at a cost of £100 million per hotel. At an investment of £3 million per restaurant for the 10-year lease, all the restaurants offer the chef’s trademark modern European cuisine, and opened in 2006/2007 at:

• Gordon Ramsay at the London Hotel in Manhattan, New York, October 2006
• Gordon Ramsay at the Cielo in Boca Raton, Florida
• Gordon Ramsay at the London Hotel in West Hollywood, California
• Gordon Ramsay at the Mirabelle in London

In late 2006 Gordon Ramsay Holdings purchased three London pubs which he converted into gastropubs. These are: The Narrow in Limehouse, which opened in March 2007, the Devonshire in Chiswick, which opened in October of that year and The Warrington in Maida Vale, which opened in February 2008. Both The Devonshire and The Warrington were subsequently sold in 2011, leaving The Narrow as the sole pub in GRH's portfolio.

Ramsay acts as a consultant to numerous catering organisations, and was recruited by Singapore Airlines as one of its "International Culinary Panel" consultants.

In May 2008 it was confirmed that Ramsay's protégé of 15 years, Marcus Wareing was going solo having opened and operated Pétrus at The Berkeley Hotel on behalf of Gordon Ramsay Holdings since 2003. With the name Pétrus owned by Gordon Ramsay Holdings, industry sources suggested it was likely to transfer to another restaurant in the group with the former La Noisette site identified as the most likely.

As of June 2009, Gordon Ramsay Holdings is reported to be in severe financial difficulty after a financial audit by accounting firm KPMG.

In April 2010, Jason Atherton, Executive chef of Maze restaurants worldwide resigned to open his own venue in Mayfair.

On 19 October 2010, the company Gordon Ramsay Holdings Limited announced that Chris Hutcheson had left his position as CEO of Gordon Ramsay Holdings Ltd. Shortly after, Ramsay released a letter to the press describing how he had unraveled the "manipulative" Hutcheson's "complex life" after having him followed by a private detective. His father-in-law's "away days," wrote Ramsay, "were rarely what I thought they were." Company accounts show Hutcheson borrowed up to £1.5 million from Gordon Ramsay Holdings, of which he was chief executive, though he says he reported the borrowings to the company and paid the money back. Hutcheson said he had been "vaporised" and subjected to a "public hanging" by Ramsay, whom he described as a friendless egotist.