Chris Bryant, Columnist

Soho House Turns Its Back on Wall Street, Again

A publicly traded private members’ club was destined to struggle.

December 20, 2024 at 10:53 AM UTC

Chris Bryant is a Bloomberg Opinion columnist covering industrial companies in Europe. Previously, he was a reporter for the Financial Times.

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Photographer: Jeff Schear/Getty Images North America

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After a volatile three-year charm offensive, a hungover and disillusioned Soho House & Co. is turning its back on Wall Street. It’s fair to say there’s no love lost.

On Thursday, the international members-club chain confirmed receipt of a buyout offer from an unnamed third-party consortium valuing it at around $1.75 billion, or more than one-third less than when it went public in 2021.