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The Gordon Ramsay Way

"He breached terms on £10.5 million, or $15.7 million, in loans that were partially backed by his personal fortune ... Mr. Ramsay sold his Ferrari ... He has fired about 15% of his roughly 1,200-person staff and is swapping out rib-eyes for cheaper cuts like shank and brisket ... A spokeswoman for Mr. Ramsay said that lower-cost ingredients would be reflected in the menu prices." [WSJ]

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