The Recession Takes A BITE Out Of Gordon Ramsay.

By on 29 June, 2010

Reknowned chef Gordon Ramsay has been forced to close one of his pubs in London as a result of falling profits.

The Hell’s Kitchen star’s business empire has suffered in the recent economic downturn and in 2009 he was advised to file for bankruptcy because of his spiralling money issues. He has managed to stave off the debt-collectors momentarily by pumping $8 million (around £5 million) of his own money into his businesses in a desperate bid to keep afloat, but has subsequently been hit with a series of bills and legal issues.

And now the TV star has shut down his London gastro pub The Devonshire (which he opened in 2007), as a result of the recession.

A spokesperson for Ramsay says:

“The Devonshire pub has not been meeting our expectations for a while and we have taken the decision to close it while we consider future plans.”

Ramsay’s company Gordon Ramsay Holdings reported a loss of $6.5 million (over £3 million) in 2009 alone.

About Ed Bonilla

Ed is an entertainment news writer, and founder of TOMORROW'S NEWS. He always keeps a watchful eye on who and what's trending in the entertainment world. His articles focus on tomorrow's news today, including celebrity news, film news, music news and so much more!

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