News
  • Login
  • Home
  • News
  • Sport
  • Worklife
  • Travel
  • Reel
  • Future
  • More
Sunday, January 18, 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

    Australian author charged with distributing child exploitation material

    US judge restricts ICE response to Minneapolis protesters

    What Yoweri Museveni’s election victory over Bobi Wine means for Uganda

    India’s astrotourism boom draws urban stargazers beyond cities

    Trump tariff threat over Greenland ‘unacceptable’, European leaders say

    Cuban soldiers killed during Venezuela attack are returned

    Syrian army moves into east Aleppo after Kurdish forces withdraw

    Nasa’s mega Moon rocket arrives at launch pad

    Australian woman wakes to find massive python on her chest

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

    Prince Harry’s war with the press is back in court. But this time it’s different

    Masters snooker 2026: John Higgins to face Kyren Wilson in final after defeating Judd Trump

    Challenge Cup: Ospreys 26-31 Montpellier – Away knockout tie for Welsh side

    Wrexham captain James McClean joins Derry City

    Starmer says Trump’s tariff threat over Greenland ‘completely wrong’

    St Albans cable theft causes major delays for train travel

    Blair and Rubio among names on Gaza ‘Board of Peace’

    All the goals as Rangers blow away Annan in Scottish Cup

    Swansea gran, 93, flies to Philadelphia folk parade she loves

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

    British Gas took 15 months to refund me £1,500. It’s absurd

    The one measure that can tell us a lot about the state of the UK economy

    Donald Trump to unveil home buying plan involving retirement funds

    Trump’s proposed credit card cap spotlights Americans’ debt. Would it help?

    Leon will focus on stations and airports to revive fortunes, boss says

    UK economy grew by 0.3% in November, beating forecasts

    California investigates Grok over AI deepfakes

    TGI Fridays closes 16 UK stores, with 456 job losses

    Reeves doesn’t rule out more support for hospitality sector

  • 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

TGI Fridays closes 16 UK stores, with 456 job losses

January 15, 2026
0

Jemma CrewBusiness reporterPA MediaTGI Fridays has closed 16 of its UK restaurants, putting 456 employees out of work.The American-inspired...

Heineken boss steps down as beer sales slow

January 13, 2026
0

The boss of one of the world's largest beer brands, Heineken, is stepping down after six years as the...

Next raises profit forecast after strong Christmas sales

January 10, 2026
0

Nick EdserBusiness reporterReutersFashion retail chain Next has raised its profit forecast after reporting stronger-than-expected sales over the key Christmas...

  • 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

Astronauts splash down to Earth after medical evacuation from space station

January 18, 2026

Prince Harry’s war with the press is back in court. But this time it’s different

January 18, 2026

Why isn’t UK ice hockey a bigger deal?

January 18, 2026

Categories

Science

Astronauts splash down to Earth after medical evacuation from space station

January 18, 2026
0

Georgina RannardScience reporterWatch: Astronauts return to Earth after medical evacuationFour astronauts evacuated from the International Space Station (ISS) have...

Read more

Prince Harry’s war with the press is back in court. But this time it’s different

January 18, 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