Gordon Ramsay is ‘expecting to make a substantial loss’ as a result of coronavirus. The celebrity chef was forced to lay off 500 staff members from his restaurant empire due to lockdown, with his eateries temporarily closing.
During an appearance on the Frank Warren Heavyweight Podcast, the 53-year-old admitted it’s a ‘very hard’ time for the industry. ‘There will be substantial losses next year, there’s no two ways about that,’ he told the host.
But, despite the hardships, the dad-of-five is ‘optimistic’ about the future and looking forward to opening the doors of his restaurants around the world once more. ‘Running a business is very hard and the margins now not just in the produce and the labour costs and running costs are pretty tiny,