The Ivy Collection

Richard Caring in advanced talks to sell Ivy stake to Abu Dhabi royal

Richard Caring is reportedly in advanced talks to sell a substantial stake in his UK hospitality empire to an entity backed by the Abu Dhabi royal Sheikh Tahnoon bin Zayed al-Nahyan, according to the Financial Times.  People with knowledge of the matter told the FT that the discussions between Caring,…

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Today’s news in brief – 29/04/25

The Ivy Collection has seen its turnover rise by 3.5% to £314.7m in the year to December 2023 despite having not opened any new venues during the period. The Richard Caring-backed group also saw its profits before tax jump by 30% to £37.7m during the period, with its adjusted EBITDA…

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The Ivy Collection FY turnover rises 3.5% to £314.7m

The Ivy Collection’s parent company, Troia Restaurants, has reported a turnover rise of 3.5% to £314.7m in the year to 31 December 2023 despite having opened no new venues during the period.  The Richard Caring-backed group also saw its profits before tax jump by 30% to £37.7m during the period,…

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Today’s news in brief – 13/09/24

UKH has welcomed Martyn’s Law, which was laid in parliament yesterday (12 September), providing updates to many key elements of the legislation. Martyn’s Law will introduce a new requirement on venues in the UK to ensure they are prepared in the event of a future terror attack. The bill has…

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The Ivy Collection to open 42nd venue in Bournemouth

The Ivy Collection will be opening its 42nd all-day restaurant in Bournemouth this November, bringing 120 jobs to the local community. Barnaby Harris-Reid has already been appointed as the general manager of the new venue, bringing experience from The Ivy Chichester.  Romuald Richomme has also been chosen as the new…

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Wolseley Hospitality Group CEO steps down

CEO of Wolseley Hospitality Baton Berisha has announced his decision to step down from his role. In a post on LinkedIn Berisha stated that “after much reflection” he had decided to leave for a “new adventure”. He also confirmed that he would stay on board at the company until his…

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Ivy Collection cuts employee tips after minimum wage increase

Employees at restaurant branches of The Ivy Collection have said they are being short changed on their tips after the company cut their share of the service charge paid by diners when the legal minimum wage increased in April, The Guardian has reported.  A few staff at the restaurant group…

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Côte turnover hits £144.9m in FY22

Côte Restaurant Group has reported turnover of £144.9m for the year ended in September 2022.  Like-for-like turnover was flat compared to the one in 2019, reflecting the Omicron impact on Christmas trading and the impact of the cost of inflation being borne by guests. Adjusted EBITDA for the year was…

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D&D London names Baton Berisha as new MD

Restaurant owner and operating group D&D London has appointed Baton Berisha as managing director. Berisha was formerly chief executive of Richard Caring’s restaurants including the Ivy Collection. He will take up the position from 3 May and will work closely with Des Gunewardena and David Loewi on “all aspects” of…

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Over 160 groups sign up to Hospitality For All pledge

The employment consortium Hospitality For All, spearheaded by Burger and Lobster, has welcomed 168 sign-ups from the sector since its launch last week. Hospitality businesses including The Ivy Collection, Soho House, Megan’s, D&D London, Café Nero have joined Burger and Lobster in a “united effort to help Ukrainian refugees seek…

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