Gordon Ramsay Group has reported strong sales growth for the year-ending 31 August 2015.
- Total sales increased 12.6% to £50.3m.
- Sales in UK Restaurants increased by 12.0% to £46.8m with like for like restaurant sales increasing by 4.2%.
- International income increased by 24.4% to £2.8m.
- EBITDA for the Group increased by 39.2% to £5.7m.
The Group has also announced a £13m 5 year banking facility has been completed with Barclays that will provide the Group with a strong financial platform to continue to drive the business forward and aid further expansion.
Strong growth opportunities
Commenting on the results, Managing Director Stuart Gillies said: “We are very pleased with the growth in sales and EBITDA over the past year. We are particularly encouraged by the performance of Heddon Street Kitchen, which opened in November 2015 together with our two new Maze Grills that opened in the Spring. These brands provide strong growth opportunities in both the UK and internationally. Bread Street Kitchen in Hong Kong and Singapore have both opened successfully and are trading above expectations, the next opening will be in Dubai in October 2015. Barclays’ commitment to us through the new banking facilities which have been put in place, will further strengthen the Group going forward.”
About Gordon Ramsay Group
Gordon Ramsay Group comprises a collection of restaurants and bars by acclaimed chef, restaurateur, TV personality and author Gordon Ramsay. Headed by Managing Director Stuart Gillies, it employs more than 700 people in London where it has a collection of 14 restaurants, including the recently opened maze Grill Park Walk and maze Grill Royal Hospital Road.
The Group has a total of 31 restaurants globally and 6 Michelin stars, with international restaurants from Europe to the US, the Middle East and Asia including the recently opened, Pressoir D’Argent in Bordeaux, France and London House in Hong Kong, and the forthcoming Bread Street Kitchen, Dubai.
Originally routed in fine dining, the Group has expanded to include more diverse and informal sites offering a wide variety of guest experiences around the globe, such as maze, London House, Plane Food by Gordon Ramsay at Heathrow’s Terminal 5 and Union Street Café in London, Gordon Ramsay Steak in Las Vegas, Gordon Ramsay Pub & Grill in Atlantic City, Gordon Ramsay at Forte Village, Sardinia, as well as Bread Street Kitchen in Hong Kong and Singapore. Restaurant Gordon Ramsay in Chelsea is the Group’s flagship venue, which has held three Michelin-stars for more than 12 years.
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