Richard Caring is poised to sell The Ivy for around £1 billion, marking the first ownership change in nearly 20 years for the iconic London restaurant.
The sale is expected to include the flagship Ivy restaurant in Covent Garden and is projected to conclude within weeks, valuing The Ivy at £1 billion.
Investor documents suggest Caring might keep a minority stake in The Ivy post-sale, potentially aiding in future operations despite selling major ownership.
Caring previously transformed The Ivy from a single restaurant into a prominent chain, now boasting over 40 locations and 2023 revenues of £316 million.
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