Antonio Carluccio's Italian restaurant and shop empire is set to launch on the stock market, earning the chef a multi-million pound windfall.
Mr Carluccio opened his first restaurant 33 years ago
The 22-strong chain, which has an estimated value of £50m-55m, is seeking a listing on London's Alternative Investment Market (AIM).
Under the plan, Mr Carluccio and his wife would cut their stake to 3% from 20%, earning them about £10m.
The group's pre-tax profits rose by 46% to £3.5m in the last financial year.
Mr Carluccio set up his first restaurant more than 30 years ago and established the Carluccio's chain in 1999.
The company said it planned to continue an expansion programme following its flotation.