Soho House turns its back on Wall Street, again

Exclusive offering: A file photo of part of the interior of Soho Mews House in London. Soho House took a financial hit during Covid-19. — AP

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.

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