Star chef Gordon Ramsay has to take out loans

The corona crisis hits restaurants particularly hard. British star chef Gordon Ramsay (53) has to experience this firsthand. His restaurants had to close temporarily. Ramsay, who himself weighs around CHF 220 million, had to work with Gordon Ramsay Restaurants Ltd. take out two large loans from Barclays Bank. Documents are said to have been submitted to the British Commercial Register, the Companies House, which guarantees the bank a lien on 16 of its companies, as reported by “The Sun”. These include the companies that operate its three Michelin star restaurant Gordon Ramsay, the one Michelin star restaurant Petrus and the Savoy Grill.

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Its companies are eligible for the Corona loan program, which the UK wants to use to support companies. That means the bank would give him the equivalent of up to CHF 6 million per company. However, he must be able to demonstrate that his companies can get back on their feet after the crisis.

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500 employees were released

The borrowing took place after Ramsay fired 500 employees instead of registering short-time work. Some of the layoffs cleared their anger on social media after being dismissed out of the blue.

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The father of five had called the employees to a meeting to inform them that their contracts would be terminated. They have now been released for the duration of the notice period. Ramsay’s workers were emailed that they would be paid until April 17th. However, there was no guarantee that their jobs would still be available when Ramsay’s restaurants reopened. Gordon Ramsay’s spokeswoman did not respond to a request from The Sun.

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The British chef star operates 33 restaurants worldwide. After 14 years, Ramsay had to close one of his flagships last year with the London restaurant Maze in the Marriott Hotel. The loss of profit cost the Koch’s company almost five million francs. (bsn)

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Star chef Gordon Ramsay has to take out loans

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