Did Ashton Kutcher buy Soho House?
Inside Soho House’s Lavish Global Property Portfolio—as Ashton Kutcher Joins $2. Billion Takeover of Private Members’ Club. Exclusive private members’ club Soho House has agreed to a $2. Hollywood star Ashton Kutcher joining its board. 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.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.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.
Do celebs go to Soho House?
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. Soho House’s glamorous star has faded and the group’s share price has plummeted since it was listed back in 2021. Last year, the New York-based short seller GlassHouse published a damning criticism of the company’s ‘broken business model and terrible accounting’.Yet over the past few years, Soho House’s glamorous star has faded. Its rapid expansion – it now boasts a not-so-exclusive network of almost 50 locations – as well as a troubled stock market flotation and criticism of overcrowding, has led to claims the brand had lost its way.
Is Soho Home related to Soho House?
Soho Home is an interior design and homeware brand that is part of the private members’ club, Soho House. SOHO stands for Small Office/Home Office Network. This type of network is designed for small offices with 1 to 10 people. It is similar to creating a small LAN. It is similar to creating a small LAN. SOHO networks are primarily built in small offices or homes.Soho House is an international private members’ club with a focus on the media, arts and fashion industries. Membership is highly selective and primarily drawn from these fields.