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Gordon Ramsay sells his trendy eatery

March 9, 2009 |  8:01 pm

Celebrity chef Gordon Ramsay has sold his Los Angeles restaurant -- Gordon Ramsay at the London West Hollywood -- to the hotel's operator, LXR Luxury Resorts, according to the Daily Mail.

The Michelin three-star chef's financial woes made headlines last week after his company, Gordon Ramsay Holdings, broke agreements with lenders to secure a loan. According to the Guardian, Ramsay and Chief Executive Chris Hutcheson (who is also his father-in-law) have said they would help the company pay debts if necessary. The article said that Ramsay's company lent several million dollars to his ventures in the U.S. (he has restaurants in New York and L.A.), even though they aren't a subsidiary of the company. The L.A. restaurant opened in June.

Read the rest of the story here.

-- Betty Hallock