Richard Caring, owner of the private members club Annabel’s, acknowledged a 'dumb mistake' after staff revolted over managers receiving bonuses from their pre-Christmas service charge money, prompting a policy change.

A 'shock deal' in London saw Diafa, a luxury lifestyle group owned by a Sheikh, acquire the emblematic venues Annabel’s and Bacchanalia from Richard Caring.

Richard Caring has sold a majority stake in his Ivy hospitality empire to Sheikh Tahnoon's IHC in a deal valued at over £1 billion.