business / news / / The Sunday Times
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.
Richard Caring sold a majority stake in his restaurant and club empire to Abu Dhabi's Diafa.
KEY POINTS
- 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.
COMPANIES
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