The mini-furore that accompanied last week’s filing of the accounts of Gordon Ramsay Holdings (GRH) for the year to August 2008 was, it turns out, entirely misplaced. Newspaper coverage centred on the decline in profits year on year, and we concentrated on why sales were seemingly so much less than GRH had forecast. Now the actual GRH accounts are to hand, however, it is clear that all such commentary – while correct – was beside the point. It was implicit in all the coverage that GRH is the holding company of all Gordon’s UK restaurant interests. In short, everyone assumes GRH is shorthand for “Gordon UK Inc”.
Read more:
http://www.hardens.com/restaurant-news/uk-london/06-07-09/ramsay-accounts-half-story-international-2008/
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