Soho House Draws Members Even as Club Continues to Lose Money

Soho House & Co Inc. said membership at its exclusive clubs rose 20% last year, even as the company continues to struggle with profitability.

The membership growth benefited from gains at existing sites and expansion into Southeast Asia and Latin America, Chief Executive Officer Andrew Carnie said in the earnings statement Friday. The membership wait list has reached a record 99,000, even as inflation remains a macroeconomic concern. He said further growth remains a priority.