Background and career
Richard Allan Caring (born 4 June 1948) is a British businessman. He initially built a business, International Clothing Designs, supplying Hong Kong-manufactured fashion to UK retailers. In 2004 he diversified his business interest into property, restaurants and nightclubs. He is the chairman of Caprice Holdings, which owns and operates The Ivy chain of restaurants. Caring is commonly referred to as the 'King of Mayfair' by British media as a result of his ownership of multiple private members' club and restaurants across the Mayfair area of London, UK.
Caring was born on 4 June 1948, the middle child of three born to Louis Caringi, an Italian-American GI, stationed in London during World War II, and Sylvia Parnes, a Jewish-immigrant nurse who met him in the ambulance on his way to hospital, and cared for him during his recovery. After deciding to stay in London after the war, the couple married. Louis Caringi anglicized his surname to Caring, and set up in the clothing industry in offices off Great Portland Street; Louis Caring Originals sourced knitwear for retailers including Marks & Spencer. Caring grew up in Finchley, London. His prowess at golf, playing off scratch, resulted in him representing Middlesex at county level, and being accepted into Millfield School in Street, Somerset on a 10-shilling-a-week sporting scholarship.
Caring left school aged 16 and joined a shopping centre development company as an office boy, before joining Louis Caring Originals, his father's dress manufacturing business that employed seven people:My parents thought it important I got practical work experience – they weren't bothered about university. I understand the thought process, "Let's throw him into work." But looking back, I would very much have liked to go to university. You get a much broader mindset. At that time, the family was in financial difficulties, which threatened losing their home. Caring and his then girlfriend made a range of mini-skirts that cost £2 to make, selling them for 69s 6d (£3.475 in decimalisation). With an initial target of 200 a week, after a few years they were selling 25,000 a week:We saved the house in the end. Maybe that's why I'm driven, because I saw it all happen at a young age. In 1971 Caring first visited Hong Kong, where labour and materials were far cheaper than in Britain. Until this point, Hong Kong made basic clothing cheaply, such as underpants. Spending a year living out of a suitcase and resident in one hotel, Caring educated local manufacturers through producing the same garment over and over again to get the quality right. As a result, he became one of the first western high fashion buyers to develop localised Chinese relationships, and returned to the UK to sell the new high quality but cheaper garments to UK retailers. Forming International Clothing Designs (ICD) to exploit the new opportunity, Caring moved his family permanently to Hong Kong in 1979. Due to its international trading nature, the company's structure and holdings are complex, held through a series of offshore companies and trusts, making it hard to detect Caring's full earnings from the fashion world. The manoeuvre worked, and Caring cornered the market in fast fashion. ICD at its height supplied 70% of the clothing sold by British high street retailers, supplying Marks & Spencer, Mothercare and Next.
It was through ICD and its trading that he met and developed his relationship with Sir Philip Green. ICD was the dominant supplier to Arcadia Group, the then Green-owned fashion retail chain that included Dorothy Perkins, Topshop and Top Man. Arcadia Group went into administration in November 2020. This was not the normal retailer and supplier set-up but described as more of a partnership, with Caring presenting Green with a Ferrari F430 Spider for his 50th birthday:I speak to him every day. We're more than friends – I think we'd do anything for each other. We're like brothers. We've grown up together and experienced lots of good times and tough times. For less than a year, Caring worked for Green. In 2001, Caring invested in Green's British Home Stores (BHS), owning 22.5% of the retailer and earning £100m in dividends, before disposing of his shares in 2006. Caring supplied Next plc via a joint venture company NV, but sold his share in the 1990s back to the retailer. He built a joint venture to supply Freemans catalogues, again now sold to the partner. He also co-developed the Together brand, which after buying out partners he sold to German catalogue firm Otto Versand. In 2004–05, ICD saw sales drop to £74.2m from £85.5m, making a pre-tax loss of £523,644 from a £3.99m profit the year before after an exceptional loss on the sale of Amanda Wakeley's designer label. In 2007, Caring looked at buying the distressed Prada brand. In 2009, ICD employed 250 people and was a smaller operation in the UK than it had previously been.
Caring's first UK property deal was the £45m purchase of a 20.6% stake in the Camden Market complex in 2004, that he purchased from Bebo Kobo and OD Kobo. In 2014, Camden Market was sold to Israeli-Cypriot billionaire businessman Teddy Sagi. Caring bought Wentworth Golf Club in 2004, in partnership with then minority shareholder, airport hotel entrepreneur Surinder Arora; they paid £130m, £50m more than the club's book value at the time: He sold Wentworth in 2014 for £135m to Reignwood Investments, a Chinese holding company associated with billionaire Yan Bin. Caring purchased the former US Navy building in London's Grosvenor Square in 2009.
After buying Wentworth Golf Club, Caring wanted to improve the catering there and approached Le Caprice restaurant in summer 2005; during discussions it emerged that the management of Caprice Holdings group was looking for a buyer. Six weeks later, Caring secured a £31.5m deal to take over Caprice Holdings, owner of The Ivy, Le Caprice and J Sheekey, as well as Italian restaurant Daphne's, Vietnamese restaurant Bam-Bou and Moroccan restaurant Pasha. The Ivy was later developed into restaurant chain The Ivy Collection. Caprice Holdings also owns Sexy Fish, which was launched in 2015. Caring began to reshape the group, which created much media coverage for someone who previously preferred to stay out of the limelight. In 2005 he added fish restaurant Scott's and catering firm Urban Productions, but sold Pasha to Algerian restaurateur Tony Kitous. He also bought Signature Restaurants from Luke Johnson for £57m, owner of mid-market Strada and Belgo chains. In 2006 he bought Rivington, a two-restaurant group independently set up by Caprice Holding's chef director Mark Hix. He sold Strada in 2007 for £140m. In 2007 he purchased the Birley Group (Annabel's, Harry's Bar, Mark's Club) for £95m including the vast art collection, concluded just a few months before Mark Birley's death. Caring was one of the founders of Cote restaurant in 2007; he sold his 51% share in the chain in 2013, when the business was sold to private equity firm CBPE for £100m. In 2008 he agreed a leveraged buyout of 28 small investors in private members' club Soho House, taking 80% for £105m, with the remainder held by Nick Jones who remained CEO, also his partner in Cecconi's. He was a shareholder in Carluccio's; the restaurant chain was sold to Landmark Group in 2010. The speed with which Caring built his restaurant chain resulted in many questioning his reasoning, on both a strategic level as well as the high purchase prices paid. He has been dubbed by some as "the Lex Luthor of Mayfair" for his apparent supermarket-sweep approach to buying companies. Other critics say he is brandishing a credit card, playing a high-stakes game of Monopoly, buying every square he lands on. In 2009 Caring insisted he had a masterplan:
Sources
Net-worth figure: Celebrity Net Worth (October 2026), in USD. Biography and career facts: the person's Wikipedia article and linked reporting. Snapshot date for all StarWorth figures: 28 October 2026.
