Soho House has been purchased for $2.7 billion by a consortium featuring Ashton Kutcher. Established in 1995 in London, it has expanded to 46 locations worldwide. The club is favored by celebrities but has faced a decline in share value since its NYSE listing in 2021, struggling with profitability. The purchase price of $9 per share represents an 18% increase from a recent close yet remains below its August 2021 peak. MCR Hotels leads the acquisition, planning new openings to revitalize the brand's exclusivity.
Soho House has been acquired for $2.7 billion by a consortium that includes Ashton Kutcher, prompted by a dip in share value since its IPO.
After listing on the NYSE in 2021, Soho House's share price fell significantly due to struggles with profitability and diminished exclusivity.
The share price agreed upon in the acquisition is $9, which is an 18% increase from the last trade but lower than its peak in August 2021.
MCR Hotels is leading the acquisition and plans to open four new Soho Houses, enhancing the brand's global network and community.
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