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Cote Wimbledon Village

The London restaurants and clubs tycoon Richard Caring has actually offered his holding in the Côte bistro string for £113m.

The owner of the The Ivy, Le Caprice and Scott's is cashing in from the huge popularity of the 37-branch sequence into that he initially ploughed simply £8m in 2007.

Côte, recognized for its "reasonably priced" French cooking, was started because of the staff in charge of Italian restaurants sequence Strada with supporting from Mr Caring.

The initial bistro exposed in Wimbledon village and has now 20 outlets in London and others across south England and South Wales. It wants to roll-out another 100 branches in the united kingdom.

Côte recently reported a 225 per cent escalation in profits, making it the company with all the fastest-growing profits within the UK's restaurants and bars marketplace.

Earlier in 2010, Mr Caring reduced their share in Soho home Group, the private people' club, netting £60m. In addition to his fine dining group Caprice Holdings, Mr Caring, who is reported to be really worth about £700m, also is the owner of a London clubs kingdom, which include Annabel's and Harry's Bar.

Source: www.independent.co.uk
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