# Richard Caring has sold a majority stake in the Ivy, Annabel's, Scott’s and the rest of his restaurant and private members’ club empire.

*business · news · 2026-04-11 · The Sunday Times*

## Key points

- Richard Caring sold a majority stake in his restaurant and club empire to Abu Dhabi's Diafa.
- The deal is valued at over £1.4 billion and includes The Ivy, Annabel’s, and Scott’s.
- Ravi Thakran, ex-LVMH Asia chairman, will become CEO of the combined entity.
- The group plans to expand the Ivy Brasserie concept to the US market.
- Diafa is affiliated with IHC Group, chaired by Abu Dhabi's deputy ruler Sheikh Tahnoon bin Zayed al-Nahyan.

**Countries:** United Kingdom, United Arab Emirates

[Read the full story on The Sunday Times](https://www.thetimes.com/business/companies-markets/article/richard-caring-sells-restaurants-ivy-annabels-scotts-uae-5tncgbtm3)

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