Sexy Fish: Billionaire Richard Caring’s restaurant empire reveals losses May 23, 2025 Losses have been revealed for part of billionaire Richard Caring’s high-end restaurant empire, which includes the likes of Sexy Fish, as talks over a potential £1bn sale continue. The 2023 results for Caprice Holding, which also owns Scott’s and Bacchanalia, have only just been published, eight months after the Companies House deadline. The documents show [...]
The Capitalist: Chelsea Flower Show shuns celeb, a female billionaire boom and Reform vs Reform May 22, 2025 Run-ins at the Chelsea Flower show, the female billionaire boom and Reform think tank's name surrender; catch up on the latest gossip.
‘Socialist’ Sweden has no problem with its billionaires May 22, 2025 Sweden has a higher proportion of billionaires than the US, but far from causing anti-capitalist backlash the supposedly socialist nation welcomes its wealthy, say Rainer Zitelmann and Anders Ydstedt In an article entitled ‘Sweden: a socialist paradise overflowing with billionaires’, Ruchir Sharma implied this was a bad thing. Writing in the Financial Times about Sweden, [...]
Week in Business: The billionaires backing Britain May 1, 2025 BlackRock CEO Larry Fink, Virgin supremo Sir Richard Branson, businessman John Caudwell and JP Morgan top dog Jamie Dimon – quite the quartet – have all made some fascinating interventions this week. Let’s start with BlackRock, the world’s largest investor, running more than $11 trillion on behalf of pension funds, private clients and sovereign wealth [...]
The Ivy owner sheds jobs as potential £1bn sale drags on April 28, 2025 The group behind restaurant chain The Ivy shed 300 jobs as billionaire owner Richard Caring continues to weigh a £1bn sale, it has been revealed. The business has only just published its financial accounts for 2023, seven months after the Companies House deadline. The results show The Ivy’s owner cut its headcount from 5,962 to [...]
Billionaire Gymshark boss Ben Francis quits firm he co-owns April 22, 2025 Ben Francis, the billionaire founder of Gymshark, has quit the sports talent agency he helped to establish. The Members Agency was set up in 2018, is based in Wolverhampton and also works on sports sponsorship deals. According to a new filing with Companies House, Francis has stepped down as a director and is no longer [...]
Revealed: The private equity billionaire’s empire behind your favourite podcasts April 10, 2025 Conni Jonsson might not be a household name in the UK but this Swedish private equity billionaire is behind some of the most popular podcasts in the country. Jonsson is the founder of EQT AB, a Swedish global investment organisation set up in 1994. He also owns investment firm Qarlbo, which in turns holds 80 [...]
A decade of departures: Moscow only city with worse millionaire exodus than London April 9, 2025 If Knight Frank’s inaugural Global Cities survey was anything to go by, London had the world at its feet in 2013. Respondents to the property giant’s annual poll of global wealth advisers declared the UK capital—not Singapore, Geneva, or any of America’s embarrassment of global cities—the ‘most important city in the world’ to their ultra-high-net-worth [...]
‘It’s tragic that Britain hasn’t made Greg Jackson a national hero’ March 31, 2025 The billionaire founder of Octopus Energy, Greg Jackson, should be recognised more for his achievements in business and made a national hero, according to marketing veteran Rory Sutherland. The vice chairman of Ogilvy added it’s “tragic” that the UK doesn’t “make more heroes of our really innovative business successes” in the way the USA does. [...]
OYO: Billionaire’s hotel empire to make £50m UK investment February 3, 2025 OYO, the hotel chain founded by Indian billionaire Ritesh Agarwai, has revealed plans to invest £50m in the UK over the next three years and support 1,000 jobs. The news comes after the group, which first entered the UK market in 2018, announced its ambition towards the end of 2024 to open 40 new hotels [...]