Soho House Rejects Acquisition Offer, Says It Undervalues Company
- Offer from unidentified suitor was at ‘substantial premium’
- Firm has been unprofitable through its near 30-year history
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Soho House & Co. rejected an acquisition offer at a “substantial premium,” suggesting the unprofitable members-only club is confident in its ability to turn around.
The exclusive club operator said the offer by an unidentified party undervalues the company, according to a statement. The special committee formed in late 2023 to evaluate strategic transactions has consequently been dissolved. The board can still establish another special committee in the future.