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Private club goes public: Soho House IPO raises $420M

July 18, 2021

The owner of a network of members’ clubs built on exclusivity is offering up its stock to the masses. Membership Collective Group, parent company of the Soho House chain of private clubs, raised $420 million in an initial public offering of 30 million shares Wednesday. The shares sold at $14 each, the low end of an expected $14 to $16 range, according to Bloomberg. The IPO values the company at around $2.8 billion. Based in

Filed Under: Real estate Tagged With: home page, hospitality, soho house

UK hospitality employers could cut half a million jobs

June 13, 2021

Britain’s largest hotel lobby warned that employers may cut half a million jobs when the government ends its wage support program. A representative for UK Hospitality told Parliament on Monday that its members owe around $132 million in back taxes and owe landlords roughly $5.1 billion, according to Bloomberg News. The government’s furlough program has helped draw investment to the United Kingdom’s pub and bar sector. “All it takes is one landlord to be recalcitrant

Filed Under: Real estate Tagged With: coronavirus, home page, hospitality



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