‘King of Mayfair’: Richard Caring is set to sell the Ivy Collection
Hospitality tycoon Richard Caring is closing on a £1billion sale of the restaurant group behind The Ivy.
The so-called ‘King of Mayfair’ is set to sell the Ivy Collection – which runs dozens of sites across the UK – to London-based investment firm Si Advisors.
Caring, 76, owns a controlling stake in the company, which runs the original Ivy in West London and its spin-off chain restaurants, as well as Ivy Asia sites, alongside Sheikh Hamad bin Jassim bin Jaber al-Thani, the former prime minister of Qatar.
The pair put the business up for auction at the start of the year.
Both are expected to sell their stakes as part of the Si Advisors deal, which was first reported by Sky News.
However, the deal will not include Caprice Holdings, Caring’s group of other restaurants including London’s Scott’s, Sexy Fish and J Sheekey.
Caring and the Ivy Collection declined to comment on the reports last night.
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