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An annual membership to all of Soho House's clubs costs $5,200 for those aged 27 and above. Soho House was founded in 1995 and went public in 2021 at a $2.8 billion valuation. Now, the company's ...
The company operates clubs, hotels, restaurants and other venues. In 2015 it changed its name from SOHO House Group to Soho House & Co. [7] The original location is at 40 Greek Street, Soho, London, England. As of March 2024, Soho House operated 42 club locations worldwide, with plans to open more. [8] [1]
Now 30 years old, Soho House has 260,000 members but has never made money. New CEO Andrew Carnie is still trying to find the tricky balance between popularity and profitability.
LONDON (Reuters) -The Soho House private members club plans an initial public offering in New York under the name of Membership Collective Group Inc even though it has never been profitable.
Most of these, however, are for-profit commercial enterprises neither owned nor controlled by members. London examples include the Groucho Club (established in 1985), [4] Soho House (1995) [5] and Home House (1998); [6] similar clubs operate in other cities and countries: for example, the CORE Club was established in New York City in 2005. [7]
Nicholas Keith Arthur Jones, MBE (born 22 September 1963) is an English restaurateur and club proprietor. He is the owner of the Babington House hotel and health club and founder and former [1] chief executive of Soho House UK Ltd, which specialises in luxury private members' club venues [2] with restaurants, cinemas, health spas and bedrooms, with some aspects open to the public.
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In 2008 he agreed a leveraged buyout of 28 small investors in private members' club Soho House, taking 80% for £105m, with the remainder held by Nick Jones who remained CEO, also his partner in Cecconi’s. [12] He was a shareholder in Carluccio's; [20] the restaurant chain was sold to Landmark Group in 2010. [27]