The story
Founded by Nick Jones in 1995.1
Soho House was started by restaurateur Nick Jones in 1995 on London's Greek Street above his restaurant, Café Bohème. In 2008, Jones sold 80% of the club for UK£105 million (equivalent to £156 million in 2024) to British businessman Richard Caring's Caprice Holdings.
On 13 January 2012, the Financial Times announced that 60% of Soho House Group had been acquired by the US billionaire Ron Burkle, through his investment fund Yucaipa for £250 million (equivalent to £347 million in 2024), with Jones retaining 10% and Caring 30%. In September 2015, the company’s high leverage and limited free cash flow was under scrutiny by fixed income investors. However, company profit potential was affected by growth in new clubs.
In 2019, Soho House acquired Scorpios, a beach club compound on a 650 m2 (7,000 sq ft) peninsula in southern Mykonos.
The company filed for an initial public offering on the New York Stock Exchange in 2021, and went public in July 2021, trading under the name Membership Collective Group. From then on, Jones owned just under 6% of the shares, alongside Caring (20%) and Burkle (42.5%). The IPO raised US$470 million (equivalent to $535 million in 2024), allowing the company to reduce some of its debt burden and finance further expansion.
In November 2022, Jones stepped down from day-to-day running of the business, citing a recent cancer diagnosis and recovery, and appointed Andrew Carnie as CEO. On March 20, 2023 Membership Collective Group became Soho House & Company. Their stock symbol changed from MCG to SHCO.
As of 2024, Soho House had never made a profit; pre-tax losses for 2024 were forecast to be about $73 million. Within less than three years after listing, the company started exploring the idea of going private as it struggled to turn a profit despite growth in membership and revenue. In August 2025, it publicly announced plans to go private in a $2.7 billion deal led by New York-based MCR Hotels.
From Wikipedia’s article on Soho House (club), shared under CC BY-SA 4.0.5