In a surprising move, Soho House & Co. is set to be taken private in a $2.7 billion deal led by hotel owner MCR. The agreement offers shareholders a significant premium, highlighting investor confidence amid challenges since its IPO.
Soho House announces a $9 per share buyout, causing shares to soar over 15%. With Ashton Kutcher joining the board and a new CFO, questions arise about the future of this exclusive club amidst industry challenges.
A group of investors, led by billionaire Ron Burkle, is nearing a deal to take Soho House & Co. private. This move could reshape the luxury members' club landscape.
