Figures released this week show just how difficult Gordon Ramsay has found the current economic slowdown. Accounts show there has been an 87% fall in profits for Gordon’s London restaurants.
Ambitious expansion plans and the recession have meant that Gordon and his business partner have had to put 5 million pounds into the business to prevent collapse. This article explains the situation further.
Are consumers cutting back on expensive restaurants in the down turn. Are we instead turning to cheaper alternatives, like takeaways or cheaper restaurants?
-------------------------------------------------------------------------------------------------
Copyright Tutor2u All Rights Reserved www.tutor2u.net