Television show host, shouty Scottish chef, and Ironman enthusiast Gordon Ramsay announced this weekend that he was looking to unload a full 50 percent of the shares of his eponymous restaurant empire. The Sunday Times reports that the deal would cement the newly profitable standing of the company and lead to further expansion of Ramsay's London-based Bread Street Kitchen. The proposed deal would value the company at an estimated £80 million pounds ($127,851,200 USD)
It's a strong move on Ramsay's part. Just six years ago, Ramsay was selling off restaurants left and right amid fallout from the recession. Though he appears to buy, sell, open, and close restaurants faster than any other major restaurateur, the owner of several Michelin-starred establishments is now flying high thanks to a successful television career and, one must assume, more than a few patient investors.
The Gordon Ramsay Group currently operates 24 restaurants, 11 of which are located in London. A twelfth, Heddon Street Kitchen, is expected to open this week, reports The Telegraph.