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The $31 million ‘Soho House for kids’ collapsed after mounting debts and disturbing reports of babies crying themselves to sleep Ryan Hogg February 20, 2024 at 10:15 AM
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. Soho House has become so popular that ...
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.
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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.
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]
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.
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]