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An exclusive members’ club labeled the “Soho House for kids” has collapsed, signaling the end of a controversial bet by a close friend of William, Prince of Wales that racked up steep debts ...
Soho House is an international private members’ club with a focus on the media, arts and fashion industries. [ 4 ] [ 5 ] Membership is selective and primarily drawn from these fields. Although, in London, New York and Los Angeles the clubs have become overcrowded due to excessive acceptance of new members.
Soho House has become so popular that it’s no longer admitting new members to access its clubs in three cities as it deals with complaints of overcrowding.
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.
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.
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]
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The club opened on 5 May 1985. Its name was in reference to Groucho Marx's saying he did not want to be a member of any club that would have him. [3] [4]The club was owned by Graphite Capital from 2006 to 2015, when it was sold to a group of investors led by Isfield Investments and Alcuin Capital Partners. [5]