Soho House to go private with MCR Hotels deal, Kutcher joins board

NEW YORK CITY, New York: Exclusive members club operator Soho House will leave the stock market in a US$2.7 billion deal led by New York-based MCR Hotels, after years of financial struggles eroded nearly half its value since its 2021 IPO.

Shareholders will receive $9 per share, a 17.8 percent premium to the last closing price. Soho House stock jumped more than 15 percent on the news, trading around $8.80 in earl