What was the downfall of Soho House?
The path to privatization began with a devastating short-seller report in February 2024 that exposed fundamental problems with Soho House’s business model. GlassHouse Research released a scathing analysis that characterized the members club operator as having broken economics and questionable accounting practices. But Soho House has also battled a number of challenges over the years, including the pandemic and, more recently, investors who have questioned its business model. The company has lost money for most of its existence as a public company, though it reported quarterly profits this year.Soho House is going private in a $2. New York-based MCR Hotels, capping a turbulent market run and financial struggles that erased nearly half of the high-end members club operator’s value since its 2021 debut.Soho House – the members’ club where celebrities like Kate Moss, Kendall Jenner, and even Harry & Meghan have partied – has just been sold for £2bn. The deal brings the exclusive brand back into private hands, led by US hotel giant MCR Hotels and private equity firm Apollo.
Who is the owner of Soho House India?
Instituted in the year 1995 by founder and CEO Nick Jones, Soho House opened its doors to Mumbai in the year 2018. Since then, it has been the breeding ground for art-inspired conversations and camaraderie. Andrew Carnie. Andrew has been CEO of Soho House & Co since November 2022. Previously serving as president since September 2020, he held the position of Chief Commercial Officer from June 2019 to September 2020.Nick Jones. Nick is the founder of Soho House and has been a member of the Soho House & Co Board since its inception. He opened Cafe Boheme on Old Compton Street in 1992 in London’s Soho, and went on to open the first House, Greek Street, in the space above in 1995.It all began in 1995, when founder Nick Jones opened the first Soho House on London’s Greek Street above his restaurant, Cafe Boheme.Andrew Carnie, CEO. Andrew Carnie has been CEO of Soho House & Co since November 2022. A seasoned leader renowned for his commitment to delivering an exceptional customer experience, he is passionate about offering Soho House members a ‘home away from home’ and staying true to the brand’s heritage and exclusivity.