Abu Dhabi – Mubasher: DIAFA, a luxury hospitality platform and affiliate of Abu Dhabi’s International Holding Company (IHC), has acquired a majority stake in Richard Caring’s portfolio.
DIAFA took over The Ivy Brasseries as well as The Birley Clubs in a ten-figure transaction, according to a press release.
Caring will remain Executive Chairman, ensuring continuity of vision and leadership across the portfolio.
He will collaborate with DIAFA to lead the next phase of global expansion, including the highly anticipated opening of Annabel’s in New York, alongside the continued international growth of Scott’s, Sexy Fish, and Noema.
The Ivy Brasseries, which will continue their expansion across the UK this year, are also expected to explore new openings in the US and other international markets.
DIAFA plans to build the world's most celebrated food and beverage (F&B) portfolio through its partnerships with category leaders and emerging brands with strong and authentic identities to achieve lasting global relevance.
Therefore, DIAFA appointed Ravi Thakran, who oversaw over $4 billion in investments across 32 companies, as Group CEO.
Thakran commented: “We are curating a portfolio of the world’s most iconic and culturally defining brands, with the ambition to shape how the next generation experiences dining, social connection, and lifestyle. Together with Richard Caring, we are building a platform of enduring value and global influence."
IHC recently obtained all regulatory approvals to acquire a 41.50% stake in India-based Sammaan Capital Limited at a total value of nearly $1 billion.
