Celebrity chef struggles with economic realities

08/9/2009 | Wall Street Journal, The

A celebrity name hasn't been enough to keep chef Gordon Ramsay from feeling the effects of the economic crisis. Ramsay, who stars in the reality show "Kitchen Nightmares," has fired 15% of his staff, dumped rib-eyes for lower-cost cuts and returned ownership of his Los Angeles and Paris restaurants to the hotels housing them in an effort to restructure.

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