Abu Dhabi sheikh buys restaurant empire for £1.4bn

Richard Caring has finalized a significant £1.4 billion deal to divest his renowned Ivy restaurant group to an Abu Dhabi sheikh. This substantial transaction marks a major shift in ownership for the popular hospitality brand, known for its celebrity clientele and upscale dining experiences. The acquisition by the Middle Eastern investor signals continued international interest in high-profile UK businesses. Financial details of the deal have been disclosed, highlighting the significant valuation placed on Caring's extensive restaurant holdings.