Richard Caring Sells Majority Stake in UK Luxury Hospitality Portfolio for Over £1.4 Billion
🍴 Richard Caring sold a majority stake in a luxury hospitality portfolio in Britain for over £1.4 billion, marking a mid-teens EBITDA multiple. The portfolio includes iconic venues like The Ivy, Annabel’s, Scott’s, and Sexy Fish. Abu Dhabi is the buyer, signaling a shift to globally expanding these brands. Caring remains involved, while new leadership spearheads the expansion. This deal highlights the premium on brands with cultural significance, proving that hospitality success lies in creating desire and status, not just serving food.
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