Richard Caring is set to seal his reputation as one of the hospitality industry’s leading dealmakers as he closes in on a £1 billion sale of The Ivy Collection.
The “King of Mayfair” is said to be close to selling most if not all of his controlling stake in the restaurant business to Si Advisers, a little-known investment firm.
The billionaire entrepreneur, who is famous for his extravagant parties, has defied the sceptics who doubted he could sell the glamour and glitz of London’s West End to the provinces.
Richard Caring, with his wife Patricia at Harry’s Bar’s 45th anniversary dinner in June in London. Harry’s brand forms part of the deal
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First founded in 1917 in the beating heart of London’s theatre district, the Ivy opened its original restaurant across the road from Ambassadors and St Martin’s theatres. It adopted a near-mythical status with figures from Laurence