Gordon Ramsay’s UK restaurant business narrowed its losses to £5.8m in the year to December 28, 2025, down from a £9.4m loss the previous year, as sales topped £100m for the first time, according to figures reported by theguardian.com. The celebrity chef’s domestic operating arm, which runs 34 outlets including the Savoy Grill, Pétrus, and several Lucky Cat locations, posted a 3% rise in sales to reach almost £101m.
Revenue Growth at 22 Bishopsgate and Global Expansion
The expansion into the 22 Bishopsgate tower in the City of London served as a primary driver for the domestic business, according to thecaterer.com. The venue houses five restaurant experiences in a single location, including Lucky Cat, Bread Street Kitchen & Bar, and Gordon Ramsay High, alongside a cooking academy. Sales at the 22 Bishopsgate site this year are more than double those of the previous period, centralfifetimes.com reported.
On a global scale, the restaurant empire—which operates 102 restaurants worldwide, according to centralfifetimes.com, or 103 according to theguardian.com—increased sales by 7% year-on-year to a record £151.8m. This global figure incorporates Ramsay’s US business, now co-owned with investment group Lion Capital following a merger completed in 2025. Underlying group profits, measured as earnings before interest, tax, depreciation, and amortisation (EBITDA), rose 12% to £14.4m, while the UK business generated an EBITDA of £8.5m, up 4% year-on-year.
Impact of the Netflix Documentary and Media Exposure
Trading across the estate received an additional boost from the Netflix documentary Being Gordon Ramsay, which aired in February. Both theguardian.com and centralfifetimes.com noted that the programme, which followed the chef’s life and career, helped drive a surge in bookings and contributed to sales growth across established outlets.
Despite the revenue milestones, the UK arm remained in the red, and the wider group did not pay a dividend to shareholders. The business previously suffered £12m in losses and nearly 300 job cuts during pandemic-related shutdowns.
Andy Wenlock highlights international growth priorities
Andy Wenlock, chief executive of Gordon Ramsay Restaurants, pointed to a challenging macroeconomic environment globally but highlighted strong momentum heading into fiscal year 2026. According to thecaterer.com, the group’s priorities include improving earnings and cash generation, maintaining disciplined investment in its owned estate, and accelerating international growth through experienced partners.
Licensing partnerships, franchise agreements, and management deals are expected to play a central role in future expansion, particularly in the US and through strategic arrangements such as a recent partnership with the Clermont Hotel Group for the UK’s first Hell’s Kitchen. Further openings are slated for later this year, including a location at the Lore Group hotel Sea Containers London.
Frequently Asked Questions
Which restaurants are included in Gordon Ramsay’s UK operating business?
The UK arm manages 34 outlets, including the Savoy Grill, Pétrus, and several Lucky Cat and Bread Street Kitchen & Bar locations, such as the multi-restaurant site at 22 Bishopsgate.
How much did the UK business lose in the latest financial year?
The UK operating business recorded an operating loss of £5.8m for the 52 weeks ended December 28, 2025, which was an improvement from the £9.4m loss reported the previous year, as reported by theguardian.com.
What role did Lion Capital play in the restaurant group?
Lion Capital partnered with Gordon Ramsay Restaurants to complete a merger of the North American and UK divisions into Gordon Ramsay Restaurants Global (GRRG) in 2025, as detailed by thecaterer.com.
Are shareholders receiving a dividend from the latest results?
No dividend was paid to shareholders for the financial year, despite underlying group EBITDA rising 12% to £14.4m, according to theguardian.com.