Gordon Ramsay Runs In to Trouble, Father-in-law Says Quits

In a shocking turn of events, Chris Hutcheson has walked away quitting his job, in charge of his son-in-laws dealing after 12 years. It also confirms the e-mailed statement that Chris Hutcheson, the father-in-law of celebrity chef Gordon Ramsay, has left the position as chief executive officer of Gordon Ramsay Holdings Ltd.

Chris Hutcheson left the post without giving any reason in his statement. He does not want to leave the business as share holder. The business continues normally with the help of interim management till the full-time replacement by a new CEO, who will look after all the Gordon Ramsey Holdings operation.

Hutchinson also has several holdings while Ramsay is a primary shareholder of the company. The 2008 statement showed Ramsay held 69,300 ordinary shares and Hutchison 29,700 respectively.  Now he has stepped down due to business loss. Last year, the loss of $6.5mn was reported by the company. Again another blow was waiting in august with three outstanding tax bill amounting $484,500. So there was a lot of strain affected him. In 2009 Hell’s Kitchen star had suffered severely causing huge financial loss. It remains to be seen what shall happen next!

Via: Bloomberg

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