Ivy owner Richard Caring has a recipe for success as profits soar 


Jamie Nimmo For The Mail On Sunday

Restaurateur and nightclub owner Richard Caring is drawing up blueprints to expand his business empire after pre-tax profits at his restaurants group almost quadrupled.

Caring owns a string of London eateries including The Ivy, Le Caprice, J Sheekey and Sexy Fish in Mayfair, where Kate Moss, Boris Becker, Johnny Depp and Rita Ora have been spotted.

Revenues at his restaurants group, Caprice Holdings, rose strongly to £67.1 million in the 53 weeks to January 1, 2017 – up by £18.5 million compared with the previous year. 

Flying high: Profits at Richard Caring's upmarket restaurants have almost quadrupled

Flying high: Profits at Richard Caring's upmarket restaurants have almost quadrupled

Flying high: Profits at Richard Caring’s upmarket restaurants have almost quadrupled

Pre-tax profits rocketed from £2.2 million to £8.7 million, according to the latest accounts, seen by The Mail on Sunday, which will be published at Companies House next week. 

Caring has invested £25 million in Caprice Holdings and is keen to buy more restaurants. His spokesman said: ‘As a company we are always open to good business opportunities.’

Caring’s private members’ clubs business, MBH Group, has spent more than £55 million opening a new Annabel’s members’ club in Berkeley Square, Mayfair. MBH posted a £4.9 million pre-tax loss for 2017 although sales increased by 12 per cent, up to £23.5 million.

 

Advertisement



Source link