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Gordon Ramsay expects to make 'substantial losses' during coronavirus lockdown
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TV chef Gordon Ramsay, who is spending the coronavirus lockdown at his second home in Cornwall, has opened up about how the global pandemic will affect his businesses.
Speaking on the Frank Warren Heavyweight podcast, the 53-year-old divulged that he expects "substantial losses" from his restaurants during these uncertain times.
He admitted that running a business in the restaurant industry is "very hard" and "there's no margin for error" at the moment.
Gordon explained: "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, so there's no margin for error." However, Gordon said that despite the inevitable financial repercussions from the coronavirus pandemic, he
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