The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Caring ups stake in Carluccio's

25 February 2008 by

Property tycoon Richard Caring, the investor behind the Ivy, Le Caprice and J Sheekey is building a stake in casual dining chain Carluccio's.

Caring sold Strada to Café Rouge owner Tragus for £140m in June, less than a month after buying a 3% holding in rival Carluccio's and has continued to build his share in the chain which now stands at 12%.

Since that move reports have persisted that Caring is preparing a bid for the restaurant chain.

Greg Feehely, analyst at Altium Securities, said that there was potential for Caring to add Carluccio's to his collection, which also includes Soho House and the Wentworth Golf Club.

"Carluccio's is worthy of a premium valuation within the restaurant sector given its hybrid retail/ cafe model, its broad mass market appeal, its low price points and sector leading sales per unit.

"With only 34 units currently we see substantial further growth opportunities both in the UK and overseas."

Richard Caring >>

Richard Caring acquires London's Gilgamesh restaurant >>
Tragus buys Strada restaurant chain for £140m >>

By Christopher Walton

E-mail your comments to Christopher Walton here.

The Caterer Blog](http://www.caterersearch.com/blogs/catering-news-blog/) Catch up with more news and gossip on the Caterer Blog here
[Newswire For the latest hospitality news, sign up for our e-mail news alerts.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking