Celebrity Chefs Heading Down Under To Beat Recession
Posted by Neil Payne on July 29th, 2009British celebrity chefs are heading for Australia in an attempt to escape the economic downturn.
Rick Stein has announced he will open a seafood restaurant in a coastal town south of Sydney later this year, and Gordon Ramsay is planning to open a branch of his London restaurant Maze in Melbourne’s Crown Casino in 2010.
The moves come as restaurants are facing an increasingly hard time in Britain with Ramsay seeing two of his London restaurants close and profits from his food empire falling 87 per cent in 12 months.
Celebrity Chefs heading for warmer climes?
Stein and Ramsay are following in the footsteps of Jamie Oliver, who has opened a fourth branch of his training restaurant Fifteen in Melbourne.
The trend has been helped by economic factors as Australia has weathered the global financial crisis better than most other Western economies, managing to stay out of recession.
Just yesterday (TUES) the governor of the Reserve Bank of Australia, Glenn Stevens, announced the nation had effectively sidestepped the meltdown that had been felt so sharply in Britain and America
Read More> The Telegraph
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