Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Billionaire Burkle Buys 60% Stake in Soho House, Times Reports

Jan. 14 (Bloomberg) -- Billionaire Ron Burkle has acquired a 60 percent stake in Soho House Group from the owners Richard Caring and Nick Jones and will become chairman of the company, the Times of London reported.

The private members’ club chain was valued at about 250 million pounds ($382 million), the newspaper reported, without saying where it got the information. The company’s net debt is expected to drop to 50 million pounds from 90 million pounds, while new openings are planned in Mumbai, Istanbul, Toronto and Chicago in the next two years, the Times reported. Jones will remain the chief executive officer, the newspaper said.

To contact the reporter on this story: Maria Kolesnikova in London at mkolesnikova@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.