Private members' club chain Soho House, which once planned a lavish outlet in Glasgow, has been acquired for $1.8bn (£1.3bn) by a consortium involving Hollywood actor turned investor Ashton Kutcher.

Soho House is being taken private in an all-cash deal at $9 per share, capping a 67% gain since my April upgrade. See why I am downgrading SHCO stock to Sell.

It was founded in London in 1995 by restaurateur Nick Jones as a meeting place for creative people. The brand has since gone global - and is known for stylish interiors and exclusivity.

The celebrity hotspot, frequented by the likes of Prince Harry and Meghan Markle, is being taken over by a group of investors, including Ashton Kutcher, in a deal worth around $2.7 billion (£2 billion).

Soho House & Co (NYSE: SHCO), today announced the appointment of Mr. Neil Thomson as the Company’s new Chief Financial Officer, effective August 18, 2025. Mr. Thomson, who will be based in the Company’s London Head Office,