Gordon Ramsay will today announce the formation of a joint venture with Lion Capital, which will see $100m invested in five different concepts in the US, according to The Times.
Lion Capital is understood to be acquiring a 50% stake in Gordon Ramsay North America, for $25m, and will provide a mixture of equity and debt funding to finance the opening of 75 to 100 restaurants over the next five years.
The five concepts are: Gordon Ramsay Street Pizza, Gordon Ramsay Fish & Chips, Gordon Ramsay Steak, Gordon Ramsay Pub & Grill and Gordon Ramsay Bread Street Kitchen — with 15 to 20 openings planned for each under the agreement with Lion.
Ramsay said despite the market being tough, his group had spent the past five years realigning everything in the business to get scale. “We’ve done our homework and the concepts are proven,” he added.
Ramsay’s existing eight restaurants in the US (five in Las Vegas, two in Atlantic City and one in Baltimore), will be place into the joint venture.
According to the national newspaper, new sites are being sought in locations including Los Angeles, San Francisco, Washington, New York, Chicago, Texas and Florida.
The chef has just opened his latest restaurant in the UK, Lucky Cat, in Mayfair.