Reported 1 day ago
Soho House, the private members club operator with over 40 locations worldwide, is set to go private in a $2.7 billion deal with hotel giant MCR Hotels, paying investors $9 per share. This decision follows a year of speculation regarding the company’s viability as a public entity, spurred by critical reports and the need for transformative strategies. CEO Andrew Carnie expressed confidence in the future of Soho House under private ownership, and the deal will see stakeholders like founder Nick Jones retain significant shares.
Source: YAHOO