Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Richard Caring set to sell the Ivy in landmark £1bn deal

by September 7, 2024
September 7, 2024
Richard Caring set to sell the Ivy in landmark £1bn deal

Richard Caring is on the verge of selling The Ivy in a deal worth around £1 billion, marking the first change of ownership for the iconic London establishment in nearly two decades.

The billionaire entrepreneur, known as “the King of Mayfair”, is reportedly ready to divest almost all his holdings in The Ivy Collection, which encompasses Ivy cafes, brasseries, and grills across the UK. The sale is expected to include the flagship Ivy restaurant in Covent Garden, a historic venue favoured by actors, celebrities, and notable figures like Diana, Princess of Wales, Margaret Thatcher, and Laurence Olivier.

According to reports by Sky News, the buyer is set to be Si Advisers, a London-based firm led by Hamza Ben Abderahmen, a former TPG associate, and Ameel Somani, a previous investor at Helios Investment Partners. The transaction is expected to conclude within weeks, valuing The Ivy at approximately £1 billion.

However, the deal will not encompass Mr Caring’s other renowned establishments, such as Sexy Fish in Mayfair, the seafood eatery J Sheekey near Leicester Square, or the exclusive private members’ club Annabel’s.

Investor documents suggest that Richard Caring may remain involved with The Ivy post-sale, retaining a minority stake and potentially contributing to the business’s future operations. Despite this, Mr Caring has not commented on the reports, and The Ivy has also declined to respond.

This potential sale comes shortly after news emerged of Mr Caring’s plans to expand The Ivy brand into the United States, following the footsteps of other British icons like Fortnum & Mason in exploring the American market.

Having acquired The Ivy in 2005, Caring transformed the single restaurant, founded in 1917, into a prominent chain from 2014 onwards. The Ivy now boasts over 40 locations across the UK and Ireland, with revenues reaching £316 million in 2023. Investor documents indicate the possibility of expanding to an additional 25 locations in the UK over the coming years.

A representative for Mr Caring previously stated: “We are opening new sites in the UK and Northern Ireland and are looking at sites in America for The Ivy in 2025.”

Read more:
Richard Caring set to sell the Ivy in landmark £1bn deal

0
FacebookTwitterGoogle +Pinterest
previous post
Alan Dershowitz leaves Democratic Party, cites DNC: ‘I was disgusted’
next post
Scaramucci warns unrealised gains tax would devastate US capital markets

You may also like

Companies going bust rises by a fifth compared...

March 15, 2024

London’s cafes and restaurants becoming the workplace of...

June 3, 2025

Secrets of Success: Insights from Camilla Hadcock, Director...

August 8, 2024

‘Tell Sid’ NatWest sale to start in June

February 7, 2024

40,000 BT staff on strike: ‘We won’t have...

August 30, 2022

Royal Mail unable to despatch items abroad after...

January 12, 2023

Microdosing Truffles

November 27, 2024

Twitter to no longer only promote paid-for accounts...

March 30, 2023

Good news for James Timpson, prisoners want to...

July 10, 2024

Bill Gates says Britain has could easily be...

February 16, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • M&S reopens online orders after cyberattack disruption

      June 10, 2025
    • UK payrolls see biggest drop since covid as wage growth slows and job market weakens

      June 10, 2025
    • Why AI and green tech are vital to SME growth in 2025

      June 10, 2025
    • Yes, it’s great to get PR coverage – until it’s locked behind a bloody paywall

      June 10, 2025
    • We have to act now to keep AI from becoming a far-left Trojan Horse

      June 10, 2025
    • SME lending delays slashed by 80% thanks to fintech-driven back-office reform

      June 10, 2025

    Categories

    • Business (8,174)
    • Investing (2,021)
    • Politics (15,580)
    • Stocks (3,138)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved