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Glasshouse Research

All articles tagged with #glasshouse research

business1 year ago•3 min saved

Soho House Considers Going Private Amid Short Seller Criticism

Soho House is considering going private after a short seller's report likened the company to WeWork and gave it a price target of zero, causing its shares to plunge. The company has formed a special committee to evaluate strategic transactions, and its rebuttal of the report did not deter the short seller's bearish outlook. Soho House's membership fees and age restrictions were highlighted as potential challenges, and the company missed Wall Street's expectations in its latest quarterly earnings report.

via New York Post |

#business #glasshouse-research #membership-clubs

business1 year ago•2 min saved

Soho House Considers Going Private Amid Financial Struggles

GlassHouse Research has published a report claiming that Soho House & Co, Inc. has a "broken business model" and "terrible accounting," alleging that the company is heading toward financial ruin and could end up going bankrupt. Soho House & Co, Inc. has refuted the report, stating that it contains factual inaccuracies and misleading statements. The company plans to share its 2023 results on March 6 and issue guidance for this year, with the expectation of continued growth in membership, revenues, and cash flows. GlassHouse Research issued a rebuttal, and the future of Soho House remains uncertain as the company faces scrutiny over its financial situation.

via Robb Report|

#bankruptcy #business #financial-report