Old news, but found it funny. Looks like Mr. Gordon Ramsay host of the TV show "Kitchen Nightmares" where he saves failing businesses is having some of his own restaurant problems."In the fall of 2008, his London-based Gordon Ramsay Holdings Ltd. breached the covenants on a 10.5 million-pound loan and overdraft facility from Royal Bank of Scotland Group Plc. The bank hired KPMG to perform an independent review of the firm, 69 percent of which is owned by Ramsay and 31 percent by his father-in-law, Chris Hutcheson. In late December, Ramsay says, KPMG recommended that the company declare bankruptcy, fire hundreds of people and close all but its best-performing restaurants. "
It looks like he won't go for bankruptcy, but he will be closing some of his restaurants. TV is his thing now any way (aka sellout), but it would be funny to have someone like Marco Pierre White yelling at him and telling him how to turn around his own business.
1 comment:
too funny.
issues of being too ambitious i guess.
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