Soho House Returns to Private Ownership with Ashton Kutcher on Board

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#soho_house #private_ownership #ashton_kutcher #innovation #expansion

Soho House bought in £2bn deal as Ashton Kutcher joins board - BBC

Introduction

Soho House, the exclusive private members' club chain, has been bought in a £2 billion deal as actor Ashton Kutcher joins the board. The company, which was founded in London in 1995, is returning to private ownership after four years on the New York Stock Exchange. This news has sparked interest and excitement in the business world, as well as among members of the club.

Key Details

The buyout was led by billionaire investor Ron Burkle, who already owned a 60% stake in the company. This move is seen as a strategic one to help the company expand globally and potentially go public once again in the future. The addition of Ashton Kutcher to the board brings not only star power, but also his experience as a successful entrepreneur, having invested in companies like Airbnb and Uber.

Impact

This deal marks a new chapter for Soho House and its members. With the company returning to private ownership, it can focus on its core values of exclusivity and providing a unique and luxurious experience for its members. The addition of Ashton Kutcher to the board also shows that the company is looking to innovate and stay ahead of the curve in the fast-paced world of hospitality and entertainment. It will be interesting to see how this deal plays out and what the future holds for Soho House.

About the Organizations Mentioned

Soho House

Soho House is a global private membership network founded in 1995 by British restaurateur Nick Jones, who opened the first club above his London restaurant, Cafe Boheme, at 40 Greek Street in Soho. The organization began as a members-only club for local creatives, offering a relaxed, home-like atmosphere with fireplaces, art collections, and late-night gatherings. The name "Soho House" simply reflected its location—a Georgian townhouse in London’s Soho district. Over the years, Soho House has grown into a worldwide phenomenon, now operating 46 Houses across five continents, with additional offerings including Soho Works coworking spaces, The Ned hotels, Scorpios Beach Clubs, and the Soho Home lifestyle brand. The company’s expansion began with Babington House in Somerset (1998), the first with bedrooms, and continued with international openings in New York (2003), Berlin (2010), and West Hollywood (2010), among others. Soho House is renowned for its exclusivity, with membership fees often exceeding $5,000 annually and long waitlists. Its appeal lies in its curated mix of hospitality, networking, and creative energy, attracting professionals from both corporate and creative industries. The club has become a hub for business meetings, career connections, and cultural events, with notable figures like venture capitalist Fred Wilson citing Soho House as a pivotal place for deal-making. Today, Soho House & Co Inc. is valued at over $2.8 billion and remains the only company to have successfully scaled a private membership network globally. Its blend of physical and digital spaces, emphasis on community, and reputation for subtle, exclusive marketing continue to set it apart in the world of business and lifestyle clubs.

New York Stock Exchange

The New York Stock Exchange (NYSE), often called the "Big Board," is the world’s largest and most influential stock exchange, serving as a cornerstone of global finance. Founded in 1792 with the signing of the Buttonwood Agreement by 24 brokers under a tree on Wall Street, the NYSE began as an informal gathering of merchants trading securities. By 1817, it was formally organized as the New York Stock and Exchange Board, adopting a constitution that established rules and order for trading. The exchange moved into its first permanent home in 1865 and adopted its current name in 1863. Throughout its history, the NYSE has been a pioneer in financial innovation. It introduced the stock ticker in 1867, revolutionizing how market data was disseminated, and saw the creation of the Dow Jones Industrial Average in 1896, which remains a key market benchmark. The exchange has weathered major economic events, including the Panic of 1907 and the Great Depression, and has continually adapted to technological advances, from telegraph communications to digital trading platforms. Today, the NYSE operates as a global marketplace for equities, bonds, and exchange-traded funds, listing many of the world’s largest and most recognized companies. It is renowned for its rigorous listing standards and its iconic trading floor, which blends tradition with modern technology. The NYSE’s merger with the American Stock Exchange in 2008 further solidified its position as a leader in financial markets, offering a broad range of products and services. Notable for its historical significance and ongoing influence, the NYSE remains a symbol of financial resilience and innovation, shaping the way businesses raise capital and investors participate in the global economy.

Airbnb

Airbnb is a global online marketplace that connects people seeking unique accommodations and experiences with hosts offering spaces and activities worldwide. Founded in 2007 by Brian Chesky, Joe Gebbia, and Nathan Blecharczyk, it started as a simple idea to rent air mattresses and provide breakfast in San Francisco but has since evolved into a massive platform with over 8 million active listings in more than 220 countries and regions[5]. Airbnb enables travelers to stay in homes ranging from apartments to treehouses, boutique hotels, and more, emphasizing authentic, local experiences beyond traditional hotel stays[1][6]. Key milestones in Airbnb’s history include the launch of Airbnb Plus in 2018, which curated homes vetted for quality and comfort, and Beyond by Airbnb for luxury rentals[3]. It went public in December 2020, raising $3.5 billion on the Nasdaq stock exchange under the ticker "ABNB"[3]. Despite challenges during the COVID-19 pandemic, including a sharp drop in bookings and workforce reductions, Airbnb adapted by focusing on rural bookings and supporting hosts with $250 million in payouts for cancellations[3]. In 2025, Airbnb is positioning itself far beyond a simple booking platform. It integrates AI personalization, seamless digital check-ins, multiple payment options, fraud detection, and a comprehensive Resolution Center to improve user experience[1][2]. The company is also expanding its product offerings with new property types and curated Collections tailored for families, work trips, and social occasions, aiming to cater to diverse traveler needs[6]. Politically, Airbnb is actively lobbying in key markets like New York City to influence regulations favorable to short-term rentals[1]. With more than 5 million hosts and over 2 billion guest arrivals to date, Airbnb has generated over $300 billion in earnings for hosts globally and collected over $13 billion in taxes[5]. Its strategy emphasizes transforming travel into a lifestyle experience by promoting real homes over hotels and fostering deeper community connections[1]

Uber

Uber Technologies, Inc. is a leading American multinational transportation company headquartered in San Francisco, California. Founded in 2010, Uber revolutionized urban mobility by introducing an app-based ride-hailing platform that connects millions of riders with drivers worldwide. It has since expanded its services to include courier, food delivery (Uber Eats), and freight transport, operating in about 70 countries and 15,000 cities globally. Uber currently serves over 180 million monthly active users and partners with 6 million active drivers and couriers, facilitating an average of 36 million trips and delivery orders daily, with a total of 64 billion trips coordinated since inception[1]. Uber has not only been a pioneer in the gig economy but also a significant player in advancing transportation technology. In 2025, Uber invested more than $300 million in Lucid Motors and Nuro to develop autonomous robotaxi services, signaling its push towards self-driving vehicles and automated delivery[1]. This aligns with their broader commitment to sustainability and reimagining movement, including enhancing equity in transportation access and safety[2][3]. The company’s financial trajectory showed a milestone when Uber posted its first operating profit in 2023, reflecting maturation from rapid growth to profitability. However, Uber has faced challenges such as driver strikes in 2023 over wages and fees, highlighting ongoing labor tensions within the gig economy[1]. Additionally, Uber has increased its use of in-app advertising to improve margins, though this strategy met with customer criticism and adjustments[1]. Notable aspects of Uber include its scale as the largest ridesharing platform worldwide, its expansion into various transportation-related services, and its innovation in autonomous vehicles. Uber continues to influence business travel trends, sustainability initiatives, and technology-driven transportation solutions, maintaining its role as a key disruptor in the global mobility space[4].

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