Multi-millionaire restaurateur Richard Caring is believed on the verge of a buying spree of London restaurants with £260m made from the sale of his stake in Camden Market and Wentworth Golf Club.
Caring, whose business Caprice Holdings already owns Le Caprice, The Ivy and Scott's, had a 25% holding in Camden Market, which was sold yesterday to an unnamed Middle Eastern investor for £400m. He is also said to be close to selling Wentworth Golf Club for about £160m.
According to the London Evening Standard, Caring will use the £260m from the two sales to acquire more restaurants and clubs in London's West End.
"The news will send shock waves through London's already highly competitive restaurant scene, where prime sites are bid up to record levels when they come on to the market," it said.