News
  • Login
  • Home
  • News
  • Sport
  • Worklife
  • Travel
  • Reel
  • Future
  • More
Tuesday, March 31, 2026
No Result
View All Result

NEWS

3 °c
London
8 ° Wed
9 ° Thu
11 ° Fri
13 ° Sat
  • Home
  • Video
  • World
    • All
    • Africa
    • Asia
    • Australia
    • Europe
    • Latin America
    • Middle East
    • US & Canada

    Shock, sadness and relief in town at centre of Australia's seven-month police manhunt

    'A succulent Chinese meal' – iconic Australian quote immortalised in national archive

    48-hour curfew imposed after attack on bar in Nigerian city

    How Pakistan won over Trump to become an unlikely mediator in the Iran war

    Huge fires at Russian oil facilities following Ukraine strikes, satellite images show

    Russian oil tanker reaches Cuba after Trump appears to loosen blockade

    Gazan mother reunited with evacuated daughter after two years

    Kid Rock sparks US Army probe after helicopter flyby at his mansion

    Two Australian states offer free public transport as war pushes up fuel prices

  • UK
    • All
    • England
    • N. Ireland
    • Politics
    • Scotland
    • Wales

    ‘Scott Mills sacked by BBC’ and ‘Starmer’s 48-hour ultimatum’

    New ferry to enter service but CalMac vessel shortage still critical

    TV presenter hopes to offer UK's first human body composting service

    Assembly recalled despite special school summer schemes U-turn

    Remove VAT from energy bills for three years, Tories urge

    Fifth arrest after murder of 'beautiful princess'

    The Papers: 'Horror on the street' and 'Fears grow over shortages'

    World Men’s Curling Championships: Scots beat Poland to continue winning run

    Mike Flynn: Former boss hopes there is no need for another Newport County Great Escape

  • Business
    • All
    • Companies
    • Connected World
    • Economy
    • Entrepreneurship
    • Global Trade
    • Technology of Business

    How Trump and the oil markets move in sync: A tango in five charts

    When will the cash Isa saving limits change?

    Oil rises above $115 and Asia shares slide as Iran war escalates

    UK forecast to see biggest hit to growth from Iran war out of major economies

    Newcastle electronic music venues still struggling despite growth

    The Briefing Room – Why is youth unemployment in the UK so high?

    Asda boss rejects profiteering claims as petrol price tops 150p

    'Ripple of fear' over Iran war hits consumer confidence

    The spiky cactus fruit giving Indian farmers a cash boost

  • Tech
  • Entertainment & Arts

    Dancers say Lizzo ‘needs to be held accountable’ over harassment claims

    Freddie Mercury: Contents of former home being sold at auction

    Harry Potter and the Cursed Child marks seven years in West End

    Sinéad O’Connor: In her own words

    Tom Jones: Neighbour surprised to find singer in flat below

    BBC presenter: What is the evidence?

    Watch: The latest on BBC presenter story… in under a minute

    Watch: George Alagiah’s extraordinary career

    BBC News presenter pays tribute to ‘much loved’ colleague George Alagiah

    Excited filmgoers: 'Barbie is everything'

  • Science
  • Health
  • In Pictures
  • Reality Check
  • Have your say
  • More
    • Newsbeat
    • Long Reads

NEWS

No Result
View All Result
Home Business Companies

Soho House bought in £2bn deal as Ashton Kutcher joins board

August 18, 2025
in Companies
5 min read
245 8
0
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


Karen Hoggan

Business Reporter

Getty Images A head and shoulders shot of Ashton Kutcher in which he looks at the camera and smiles. he has on a dark jacket and a gold chain around his neck. Getty Images

Ashton Kutcher will join the Soho House board

Private members’ club chain Soho House has been snapped up for $2.7bn (£2bn) by a consortium involving Hollywood actor turned investor Ashton Kutcher.

The group opened its first club in London in 1995, and now has 46 Soho Houses in Europe, North America and Asia, as well a string of other up-market hospitality businesses.

It is widely regarded as being a popular haunt of A-list celebrities, and one of its London venues was reportedly where Prince Harry and Meghan Markle had their first date.

But since it listed on the New York Stock Exchange in 2021 the value of its shares has dropped sharply, as it struggled to make a profit amid a sense that it had lost the exclusivity it once had.

The agreed offer price of $9 a share is 18% higher than the price at close of trade on Friday.

The consortium is led by MCR Hotels, the third-biggest US hotel group, whose high profile properties include the TWA Hotel at JFK Airport in New York and the BT Tower in London. The deal to return Soho House to private ownership was done by private equity firm Apollo.

Existing Soho House shareholders will hold onto their stakes in the company. They include founder Nick Jones, husband of the presenter Kirsty Young, as well as Ivy Collection restaurant chain boss Richard Caring.

Ashton Kutcher will become a board member, as will the boss of MCR, Tyler Morse.

Mr Morse said everyone at MCR was “excited to be part of the Soho House journey”.

“We have long admired Soho House for bringing together cultures from around the world into a global network of 46 houses, and we look forward to the continued growth of that fabric, starting with four new houses opening soon.”

Reuters The exterior of Soho House in  Greek Street, LondonReuters

The first Soho House, opened by Mr Jones, was in London’s Greek Street above his restaurant, Cafe Boheme.

It bills itself as a members’ club for “like-minded creative thinkers to meet, relax, have fun and grow”.

Members are reported to include Kate Moss, Kendall Jenner and Ellie Goulding, as well as the Duke and Duchess of Sussex.

Its venues include Shoreditch House, Soho Farmhouse, Soho House Bangkok and Miami Poolhouse.

In addition to the Soho House clubs, the group’s other businesses include eight Soho Works office buildings, and Scorpios Beach Clubs in Mykonos and Bodrum.

However, this expansion had resulted in accusations that Soho House was no longer as exclusive as members would expect given its membership fee, which can run into several thousand pounds.

Susannah Streeter, head of money and markets at Hargreaves Lansdown, said that while Soho House “can now boast a Hollywood star as a director”, the chain would need “a bit more than celebrity stardust to cement its long-term future”.

“MCR Hotels, Ashton Kutcher and the other investors will have their work cut out to put Soho House back onto a more stable footing given concerns about the viability of its business model,” she said.

“Its rapid expansion in recent years has sparked concerns that its ‘exclusive’ label was wearing thin.”

She said it was a “challenging time” for the restaurant business, with “aspirational shoppers tightening their stylish belts”.

Soho House chief executive Andrew Carnie said the return to private ownership “reflects the strong confidence our existing and incoming shareholders have in the future of Soho House”.

Since the company floated on the New York Stock Exchange he said the company had focused on “building a stronger, more resilient business”.

“I’m incredibly proud of what our teams have accomplished and am excited about our future, as we continue to be guided by our members and grounded in the spirit that makes Soho House so special.”



Source link

Tags: 2bnAshtonboardboughtdealhousejoinsKutcherSoho

Related Posts

HS2 trains could run slower than planned to save money

March 26, 2026
0

This means HS2 trains could not be tested at their intended operating speeds until a bespoke test track, or...

Oil traders bet millions minutes before Trump's Iran talks post

March 25, 2026
0

Market data shows the amount of oil trade rose before the US President said he would postpone attacks on...

Royal Mail staff say they were told to hide post to look like delivery targets met

March 24, 2026
0

BBC Your Voice hears from postal workers who say "take the mail for ride" is a common phrase. ...

  • Australia helicopter collision: Mid-air clash wreckage covers Gold Coast

    522 shares
    Share 209 Tweet 131
  • UK inflation: Supermarkets say price rises will ease soon

    515 shares
    Share 206 Tweet 129
  • Ballyjamesduff: Man dies after hit-and-run in County Cavan

    510 shares
    Share 204 Tweet 128
  • Somalia: Rare access to its US-funded 'lightning commando brigade

    508 shares
    Share 203 Tweet 127
  • Google faces new multi-billion advertising lawsuit

    508 shares
    Share 203 Tweet 127
  • Trending
  • Comments
  • Latest

Australia helicopter collision: Mid-air clash wreckage covers Gold Coast

January 10, 2023

UK inflation: Supermarkets say price rises will ease soon

April 19, 2023

Ballyjamesduff: Man dies after hit-and-run in County Cavan

August 19, 2022

Stranger Things actor Jamie Campbell Bower praised for addiction post

0

NHS to close Tavistock child gender identity clinic

0

Cold sores traced back to kissing in Bronze Age by Cambridge research

0

The personal items the Artemis II crew are taking to the Moon

March 31, 2026

‘Scott Mills sacked by BBC’ and ‘Starmer’s 48-hour ultimatum’

March 31, 2026

Sophie Turner injury halts filming on Tomb Raider TV show

March 31, 2026

Categories

Science

The personal items the Artemis II crew are taking to the Moon

March 31, 2026
0

The crew, who are accomplished pilots, engineers and scientists, reveal their hopes, fears and family sacrifices. Source link

Read more

‘Scott Mills sacked by BBC’ and ‘Starmer’s 48-hour ultimatum’

March 31, 2026
News

Copyright © 2020 JBC News Powered by JOOJ.us

Explore the JBC

  • Home
  • News
  • Sport
  • Worklife
  • Travel
  • Reel
  • Future
  • More

Follow Us

  • Home Main
  • Video
  • World
  • Top News
  • Business
  • Sport
  • Tech
  • UK
  • In Pictures
  • Health
  • Reality Check
  • Science
  • Entertainment & Arts
  • Login

Copyright © 2020 JBC News Powered by JOOJ.us

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
News
More Sites

    MORE

  • Home
  • News
  • Sport
  • Worklife
  • Travel
  • Reel
  • Future
  • More
  • News

    JBC News