Who purchased Richard Caring's London clubs and restaurants?

An Abu Dhabi entity, ultimately controlled by Sheikh Tahnoon bin Zayed al-Nahyan, purchased a majority share in these establishments for £1.4 billion ($1.9 billion).

What are Richard Caring's plans following the sale of his London venues?

Richard Caring will continue as executive chairman, overseeing global expansion and development with a £1 billion commitment from the Abu Dhabi investor.

What is the historical significance of The Ivy Collection and Annabel's?

The Ivy Collection and Annabel's, along with venues like Le Caprice, were historically popular with celebrities and the elite, becoming aspirational destinations.

Home / Business and Economy / London Clubs Sell for $1.9B

London Clubs Sell for $1.9B

24 Apr

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Summary

Richard Caring's prestigious London clubs sold for $1.9 billion.
Abu Dhabi entity controlled by Sheikh Tahnoon bin Zayed al-Nahyan is the buyer.
Expansion plans include significant investment for global replication.

A significant transaction has concluded with the sale of a majority share in prestigious London clubs and restaurants, including Annabel's and The Ivy group, for £1.4 billion ($1.9 billion). The deal, finalized after two years, was orchestrated by Richard Caring, who has amassed a collection of high-end venues over two decades. The buyer is an Abu Dhabi entity ultimately controlled by Sheikh Tahnoon bin Zayed al-Nahyan.

Caring, who will continue as executive chairman, plans to leverage £1 billion in investment from the Abu Dhabi entity to expand these concepts globally. The Ivy Collection, which includes various iterations like Ivy Market Grill and Ivy Asia, reported £327 million in revenue in 2025. This expansion builds on Caring's success in scaling posh brands since 2010.