In this article

MCG

Follow your favorite stocks CREATE FREE ACCOUNT

Soho House is going private in a $2.7 billion deal led by 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.

Its shareholders will get $9 per share, a 17.8% premium to the last closing price. Soho shares shot up 15.5% to $8.82 in early trading on Monday after the company's announcement.

Actor and tech investor Ashton Kutcher will also be joining Soho's board following the deal, and hospitality veteran Neil Thomson will succeed Thomas Allen as chief financial officer effective immediately.

"However, Soho House will need a bit more than celebrity stardust to cement its long-term future,"

See Full Page