 The original Soho House at 40 Greek Street, Soho, London | |
| Company type | Public |
|---|---|
| NYSE: SHCO | |
| Founded | 1995 |
| Founder | Nick Jones |
| Headquarters | 72–74 Dean Street, Soho London, England |
Number of locations | 42 Houses (2024)[1] 75 total sites (2022)[2] |
Key people | Andrew Carnie (CEO)[2] |
| Revenue | US$1.12B (est.)[3] (2023) |
| Owner | Ron Burkle |
| Members | 191,000[3] (2023) |
Number of employees | 7,866[2] |
| Website | www |
Soho House is a global hotel chain and group of private members' clubs. Membership is selective and members are drawn mainly from the media, arts and fashion industries.[4][5]
The company operates clubs, hotels and venues. In 2015 it changed its name from SOHO House Group to Soho House & Co.[6] The original location is at 40 Greek Street, Soho, London, England. As of March 2024, Soho House operated 42 club locations worldwide, with plans to open more.[7][1]
Nick Jones (Soho House founder and previous managing director) sold 80% of the club to British high-street tycoon Richard Caring in 2008.[8] 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 in a £250 million deal, with founder Nick Jones retaining 10% and Richard Caring (Caprice Holdings) 30%. In September 2015, the company’s high leverage and limited free cash flow was under scrutiny by fixed income investors.[9][6][10] However, company profit potential has been affected by growth in new clubs.[11]
The company filed for an initial public offering in 2021, and went public in July 2021, trading under the name Membership Collective Group.[12] The organisation will use the money raised to pay down debt and finance further expansion.[12]
In November 2022, Nick Jones stepped down from day-to-day running of the business, citing a recent cancer diagnosis and recovery, and appointed Andrew Carnie as CEO.[13]
On March 20, 2023 Membership Collective Group became Soho House & Company. Their stock symbol changed from MCG to SHCO.[14]
As of 2024[update] the company had never made a profit; pre-tax losses for 2024 were forecast to be about US$73m.[7]
Soho House membership policies are said to focus on creativity "above net worth and job titles" with "studied resistance to ostentation...[and] cultivated status signifiers," and favour moral values over financial success ("several execs were banned because they were thought to be abusive to their assistants").[5] In June 2015, Soho House had over 50,000 members and a global waiting list of over 30,000.[10] In July 2021, Soho House had 119,000 members across 27 houses in 10 countries.[15]
List of current and planned Houses is maintained on the Soho House Web site.[1]
United Kingdom
Netherlands
Greece
Spain
Turkey
Italy
Sweden
Israel
France
Denmark
Germany
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Canada
Mexico
United States
Saint Vincent and the Grenadines
On 13 August 2017, the film Tulip Fever (starring Alicia Vikander) was first screened at London's Soho House.[20]
In 2002, the London branch of the club made headlines as Iris Law, the two-year-old toddler of Jude Law and Sadie Frost, was briefly hospitalised but ultimately unharmed after swallowing part of an ecstasy tablet she had found on the floor of Soho House while attending a children's birthday party.[21]
In 2009, more than eighty residents signed an appeal by a neighbourhood association against allowing Soho House to move into the top two floors of Luckman Plaza in West Hollywood, near Los Angeles, US. The opening of the West Hollywood location also drew opposition from Beverly Hills Mayor Nancy Krasne.[22]
On 9 December 2010, American swimsuit designer Sylvie Cachay was found murdered in room 20 of the Manhattan's branch.[23] Nicholas Brooks, her boyfriend of six months, was convicted of her second-degree murder and sentenced to 25 years to life imprisonment.[24]
In Amsterdam, the Netherlands, an attempt to open a new club also met protest,[25] but an Amsterdam House nonetheless opened in August 2018.[26]
In April 2021 Berlin, Germany imposed a citywide lockdown due to the COVID-19 pandemic.[27] Bottega Veneta was criticised for holding maskless indoor dance parties at Berlin's Soho House for artists and celebrities flown in from around the world.[28] Though Soho House staff complained about the lack of safety measures and regulatory guidelines,[28] management said nothing and implied that staff were not telling the truth.[29] While the company claimed that what happened was "spontaneous," Berlin's Soho House staff said that the party spaces had been booked in advance.[29][30] Club members made their dissatisfaction and disappointment known, with some considering ending their membership; police investigated.[30]
Soho House London is mentioned briefly in The Holiday by Jasper (Rufus Sewell).[31] Soho House New York was featured in season 6 of the TV series Sex and the City in an episode titled "Boy Interrupted". In this episode, Samantha Jones (Kim Cattrall) pretends to be a member by using a stolen membership card.[32]
In 2022, Soho House was mentioned in the Netflix drama Inventing Anna, where the main character, con artist Anna Delvey, when asked if she was rejected by Soho House in episode two, she replied: "I’d rather hang out at a McDonald's or start my own club and reject their members."[33]
In 2016, the club launched a 'modern interiors brand designed for relaxed, sociable living', called Soho Home.[34] The brand's flagship store located in Duke of York Square in Chelsea opened in 2021.[35]
