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Evening Standard
Evening Standard
Business
Jonathan Prynn

Richard Caring’s rapid rollout helps to serve up record profits for The Ivy’s parent company

Richard Caring’s rapid rollout of The Ivy restaurant brand has delivered record sales and profits despite the challenges facing the hospitality sector, latest accounts reveal.

Troia (UK) Restaurants, which owns the original Theatreland celebrity haunt as well as dozens of other sister venues that bear its name, saw sales grow by half to £302.9 million in 2022. Pre-tax profits were also higher, from £20.4 million to £29 million.

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