Signature restaurants sold to Richard Caring

03 June 2005
Signature restaurants sold to Richard Caring

Retail entrepreneur Richard Caring is understood to have won the race to buy Signature restaurant group this week.

As Caterer went to press, news was emerging that Caring had exchanged contracts for the group of London properties, which include celebrity hangouts the Ivy and Le Caprice along with fish restaurant J Sheekey, Daphne's, Bam-Bou and Pasha.

Media reports last week speculated that three or four parties had been shortlisted for the auction, which is expected to raise up to £30m. A management buy-out has also been mooted.

Caring, who recently bought the exclusive Wentworth Golf Club in Surrey with hotelier Surinder Arora, was unavailable for comment.

Neither Signature nor KPMG's corporate finance arm, which is handling the deal, would comment on the sale. It is understood that Signature aims to retain its two Belgo beer-and-mussels restaurants, 23 Strada pizza eateries and three Bierodrome sites.

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.


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