Economy Events Local 2026-04-12T01:36:42+00:00

Dhiyafa Acquires Majority Stake in Richard Caring's Hospitality Portfolio

Dhiyafa, based in Abu Dhabi, announced the acquisition of a majority stake in Richard Caring's hospitality portfolio, including renowned restaurants and clubs. The deal marks the beginning of a new chapter in the global luxury hospitality sector.


Dhiyafa Acquires Majority Stake in Richard Caring's Hospitality Portfolio

Dhiyafa, a leading investment platform in the luxury hospitality sector headquartered in Abu Dhabi and one of the sister companies in the Global Holding Company portfolio, announced the completion of an investment deal to acquire a majority stake in the hospitality portfolio of Richard Caring, one of the most influential figures in the global restaurant sector. The deal includes The Ivy Brasseries, a portfolio of luxury restaurants under Caprice Holdings, which features prominent brands such as Scott's, Sexy Fish, and Nooma, as well as the exclusive private members' clubs of Berkeley Clubs, including Annabel's, George's, Harry's Bar, and Mark's Club. Richard Caring will continue to serve as the executive chairman, reinforcing the vision and leadership across the portfolio's components. Dhiyafa will collaborate with Caring to lead the next phase of global expansion, which includes the upcoming opening of Annabel's club in New York, alongside the continued international expansion of the Scott's, Sexy Fish, and Nooma brands. The Ivy Brasseries group will also proceed with its expansion plans in the UK during 2026, exploring opportunities to open new locations in the United States and other international markets. Dhiyafa is a specialized group in luxury hospitality and lifestyle headquartered in Abu Dhabi and is a sister company in the Global Holding Company portfolio. It was established to build a leading global platform in the luxury food and beverage sector, featuring world-renowned hospitality brands such as Azumi Group, which includes Zuma and Roka, and The H Wood Group, which includes Delilah, The Nice Guy, and Bird Streets Club. Today, it adds Caprice Holdings and Berkeley Clubs to its portfolio. The establishment of Dhiyafa was a response to a fundamental shift in consumer behavior, where experiences have become more important than products, authenticity more important than aspirations, and meaningful relationships more valuable than transactions. Therefore, Dhiyafa brings together the finest luxury hospitality and dining experiences under a scalable global platform. Dhiyafa aims to build the world's most renowned food and beverage portfolio, based on the prestigious names of leading global institutions and exclusive private clubs, as well as upscale social destinations and contemporary innovative concepts that set a new vision for gathering, celebrating, and connecting. The group collaborates with emerging brands and pioneers across various fields who possess unique identities, strong reputations, and the potential to achieve sustainable global presence. Dhiyafa's strategy is based on a single principle: partnering with the best. Thus, it collaborates with founders and pioneers of ambitious vision, leveraging their established market power to unlock the potential for international expansion. Ravi Dacran, CEO of Dhiyafa, stated that the deal marks the beginning of a new chapter in the global luxury hospitality sector. We are working to build a portfolio that includes the most famous and influential brands worldwide, with the ambition to reshape the concepts of dining, social interaction, and luxury living for future generations. Through our partnership with Richard Caring, we are establishing a platform with sustainable value and broad global impact. In turn, Richard Caring, founder and executive chairman of Caprice Holdings, said: 'I am delighted to be collaborating with the Dhiyafa team, which has a visionary and ambitious outlook. I am confident in our ability to take our globally renowned brands into new markets and continue to elevate our vision for the hospitality sector to more distinguished heights. He affirmed that Dhiyafa's commitment to investing in exceptional luxury brands makes it the ideal partner for us, and expressed his aspiration to build a partnership with a sustainable impact and long-term value.'

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