Chancellor Phillip Hammond outlined his Spring Budget earlier this week. But how will it affect the hospitality industry?
According to reports, the ever famous Gordon Ramsay, one of the world most renowned chefs, is set to sell up to a massive 50 per cent of his company Kavalake, which is the holding company for all of his restaurants including Restaurant Gordon Ramsay.
Mr. Ramsay is supposedly in discussion with a number of people in order to secure an investor to further expand his business. According to sources, it’s suggested that it could cost a cool £80 million for the business.
As of late, Mr. Ramsay has successfully cut down costs and the under-performance of restaurants overseas. In their latest accounts, statistics show the that business achieved sales of around £45 million.
Could Gordon be ready to sell?
What do you think?