Gordon Ramsay struggling with Brexit food costs - how has it affected your restaurant?

The  Staff Canteen

Michelin-starred celebrity chef, Gordon Ramsay has brought in a team of experts to help negotiate cheaper food prices for his group of restaurants according to the Guardian.

The daily newspaper reports that the chef’s subsidiary company, Gordon Ramsay Holdings has hired a team of professionals to try and negotiate cheaper rates as the cost of importing ingredients increases since Britain voted to leave the EU last year.

We want to know what affect Brexit has had on your restaurant, if any, and what plans have you put in to place to protect your business over the next few years? We would love to know your thoughts, please leave your comments.

It was reported by Gordon Ramsay Holdings from their accounts covering the year to end of August 2016 that ' there is a great deal of uncertainty about the future direction of the economy'.

They added: “This will have a number of potential implications including cost pressures due to the inflationary impact of sterling against the euro, recruitment and the general economic climate.

“In part to mitigate the inflationary impact a procurement team has been recruited to manage the supply chain.”

According to the Guardian a small group of buyers will ‘haggle’ with suppliers to help lower the cost of ingredients across the chef’s 31 restaurants which includes his flagship, Restaurant Gordon Restaurant which retained three stars in the Michelin Guide UK 2017and the Michelin starred Petrus.

A spokesperson for Gordon Ramsay told the Guardian: “The business model is aimed at avoiding regular and reactionary price changes to customers [to avoid] passing on inflationary and currency pressures.

“For example, the biggest currency exposure is on buying wine so we are working on our supply chain in order to mitigate the impact of fluctuations in sterling. This includes sourcing wines from around the world and using purchasing power better.”
Since leaving the EU restaurants have been struggling as the price of food increases."

In April The British Consortium said the cost of food was the highest it has been in three years with an increase of 1% over the last 12 months.

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The  Staff Canteen

The Staff Canteen

Editor 9th June 2017

Gordon Ramsay struggling with Brexit food costs - how has it affected your restaurant?