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Gordon Ramsay Holdings

Address :

1 Catherine Place
London
SW1E 6DX
UK

Telephone :

020 7592 1360

Email :

gillianthomson@gordon.ramsay.com

Fax :

020 7592 1366

Activities :

Gordon Ramsay Holdings owns and operates seven restaurants in London, all but one sited in top hotels. They hold a total of eight Michelin stars between them.

The restaurants offer a varied mix of French, British, European, American and Asian cuisine.

The group was set up by high-profile chef Gordon Ramsay, who holds a 69% stake in the business, and his father-in-law Chris Hutcheson. Many of the restaurants are headed up by Ramsay protégés, including Marcus Wareing, Angela Hartnett and Jason Atherton.

Gordon Ramsay Holdings also holds two overseas consultancies for restaurants at the Dubai Hilton Creek and the Conrad Tokyo hotels, where it is responsible for menus, staffing and restaurant control.

Ramsay first came to prominence in 1993 when he headed up London’s Aubergine restaurant, which he co-owned with A-Z Restaurants. He won Aubergine two Michelin stars within three years of opening.

In 1996 he installed Marcus Wareing as head chef of L’Oranger, which he and Wareing co-owned with A-Z and which won a Michelin star in 1997.

A row over contracts and future direction led to Ramsay’s resignation and Wareing’s dismissal in 1998. Half the staff that walked out of Aubergine and L’Oranger in protest joined Ramsay at his first independent venture in Chelsea.

Time Line :

  • 1998: Following an acrimonious row with A-Z Restaurants, Ramsay quits Aubergine and sets up Gordon Ramsay at Royal Hospital Road in Chelsea on the former site of Pierre Koffman’s La Tante Claire. The restaurant scoops three Michelin stars by 2001.
  • March 1999: Ramsay opens Petrus in St James Street, London, with Wareing as chef-patron. The restaurant wins a Michelin star seven months later.
  • April 2001: Gordon Ramsay Holdings opens Amaryllis in Glasgow’s One Devonshire Gardens hotel, which is awarded a Michelin star in January 2002.
  • October 2001: The group launches Gordon Ramsay at Claridge’s and wins the London hotel restaurant a Michelin star in 2003. It also takes on the consultancy for the Verre restaurant at the Dubai Hilton Creek hotel, which is headed up by Ramsay protégé Angela Hartnett.
  • October 2002: Gordon Ramsay Holdings takes over the food and beverage operation at London’s Connaught hotel, where Hartnett heads up the new Menu restaurant and Grill Room. They gain a Michelin star in January 2004.
  • May 2003: Wareing takes over the Savoy Grill in London’s Savoy hotel and wins the hotel is first-ever Michelin star in 2004. Ramsay opens the Boxwood Café in the Berkeley hotel.
  • September 2003: Wareing moves Petrus into the Berkeley to replace the relocated La Tante Claire. Wareing converts the old Petrus into the more informal La Fleur but closes the restaurant in early 2004 when its lease expires.
  • December 2003: Wareing opens Banquette above the Savoy Grill. Gordon Ramsay Holdings closes its Glasgow hotel restaurant, Amaryllis, which has been losing £200,000 a year.
  • February 2005: The group teams up with chef Ian Pengelley to launch the pan-Asian Pengelley’s and Ginger restaurant and bar at the Carlton Tower hotel in Knightsbridge, London. Gordon Ramsay Holdings holds the management consultancy and a minor interest in the restaurant.
  • May 2005: Gordon Ramsay Holdings opens Maze at the London Marriott Hotel Grosvenor Square in London under head chef Jason Atherton, who moves across from Verre. The restaurant is awarded a Michelin star in January 2006.
  • July 2005: The group opens its second overseas consultancy at the Conrad Tokyo hotel in Japan. The operation comprises the fine dining Gordon Ramsay at the Conrad Tokyo restaurant and a casual, all-day brasserie called Cerise by Gordon Ramsay.
  • January 2006: Pengelley's restaurant and Ginger Bar closes just 10 months after it opened at the Jumeirah Carlton Tower hotel.
  • July 2006: The group opens La Noisette at the former Pengelley's restaurant at the Jumeirah Carlton Tower. The chef-patron is ex-Greenhouse chef Bjorn van der Horst.

Financial Snapshot :

Full Year

Turnover: £28.4m (2004: £27.5m)
Pre-tax profit: £3.7m (2004: £2.7m)

Financial year end: 31 August 2005
* 2005 figures are unaudited

Operating Data :

Total number of restaurants: seven
Total number of staff: more than 900 in London

Standalone restaurants
Gordon Ramsay at Hospital Road, Chelsea (three Michelin stars)

Hotel restaurants
Savoy hotel (Wareing): The Savoy Grill (one Michelin star), Banquette
Berkeley hotel (Wareing/Ramsay): Petrus (one Michelin star), Boxwood Café
Connaught hotel (Hartnett): Menu and The Grill Room (one Michelin star)
Claridge’s hotel (Ramsay): Gordon Ramsay at Claridge’s (one Michelin star)
London Marriott Hotel Grosvenor Square: Maze (one Michelin star)
Jumeirah Carlton Tower hotel: La Noisette

Overseas restaurant consultancies
Dubai Hilton Creek hotel: Verre
Conrad Tokyo: Gordon Ramsay at the Conrad Tokyo

Operating data for the year to August 2005
2005 figures are unaudited

Turnover
Royal Hospital Road: £2.9m (2004: £2.7m) 
Claridge’s: £6.9m (2004: £6.7m)
Connaught: £5.96m (2004: £5.8m)
Savoy: £6.1m (2004: £5.6m)
Boxwood: £3.2m (2004: £3.5m)
Petrus: £3.3m (2004: £3.2m)

Pre-tax profit
Royal Hospital Road: £484,201 (2004: £421,892)
Claridge’s: £1.7m (2004: £1.4m)
Connaught: £391,624 (2004: £159,901)
Savoy: £597,333 (2004: £432,931)
Boxwood: -£27,125 (-£55,465)
Petrus: £515,789 (2004: £289,842)

Strategy :

“The core interest of Gordon Ramsay Holdings revolves around its seven main London restaurants. The intent is to showcase the group as a world-class centre of cuisine and service with each member restaurant displaying its own identity and character.

“Holdings also handles the brand 'Gordon Ramsay' and will concentrate on publishing, TV presence, luxury goods, corporate consultancies and global restaurant outlets with the current target of reaching a £100m turnover by 2008.”

Source: chief executive, November 2005

Key People :

Chairman: Gordon Ramsay
Financial director: Garth Warnes

Commentary :

After spreading its wings overseas with consultancies in Dubai and Tokyo, Gordon Ramsay Holdings is now looking to operate two new restaurants in the US which it will own on long leases.

The first will open at the Marriott Righa Royal hotel in New York in April 2006 under chef Neil Ferguson and a second site is planned for Los Angeles in 2007.

In May 2006, Ramsay signalled a new direction when he signed a deal with BAA to run the fine-dining restaurant at Heathrow Aiport's new Terminal 5 which opens in 2008.

Chief Executive :

Chris Hutcheson
List of all operators: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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