Soho House Sold for $2.7 Billion, Kutcher Joins Board | JQJO

Soho House, the exclusive private members' club chain, has been acquired for $2.7 billion (£2 billion) by a consortium including actor Ashton Kutcher. The deal, orchestrated by MCR Hotels and Apollo, takes Soho House private again, with existing shareholders retaining their stakes. Kutcher will join the board alongside MCR's CEO. While the acquisition price is higher than the Friday closing share price, it remains below the 2021 peak. Concerns remain about Soho House's profitability and the dilution of its exclusivity following recent expansion.