Gordon Ramsay strikes $100 million deal with Lion Capital

On June 26, 2019, renowned chef Gordon Ramsay made headlines by striking a significant $100 million deal with Lion Capital, a prominent private equity firm based in London. This partnership led to the establishment of a new subsidiary under the Gordon Ramsay Restaurant Group, named Gordon Ramsay North America (GRNA). Both Ramsay and Lion Capital hold equal stakes in this venture, each owning 50%. The ambitious plan was to launch 100 restaurants across the United States by the year 2024, capitalizing on Ramsay's global culinary brand and expertise. However, the onset of the COVID-19 pandemic posed unforeseen challenges, causing delays in the rollout of these restaurant openings. Despite these setbacks, the collaboration between Ramsay and Lion Capital signifies a strategic move to expand Ramsay's culinary influence in the North American market, promising a blend of innovative dining experiences that reflect his culinary philosophy. As the restaurant industry gradually recovers, the future of GRNA remains a focal point for both Ramsay and his partners, with hopes of revitalizing their expansion plans in the coming years.