Soho House to Revert to Private Status in $2.7 Billion Deal
Soho House, a renowned members-only club founded in 1995 that caters to creatives and the artsy elite, has transitioned back to private ownership after facing financial difficulties and a decline in stock value since its 2021 IPO. Despite its global expansion and exclusive appeal, the company struggled with profitability and competition, leading to its recent sale at a lower valuation of $2.7 billion, with notable investors including Apollo Global Management and actor Ashton Kutcher.