Soho House & Co Inc. Announces CFO Transition and Moves Towards Going Private

Soho House & Co Inc., a global membership platform known for its physical and digital spaces catering to a diverse group of members, has announced significant developments on August 18, 2025. The company, listed on the New York Stock Exchange under the ticker SHCO, is navigating through a period of strategic changes, including a leadership transition in its financial department and a definitive move towards privatization.

CFO Transition

In a notable leadership change, Soho House & Co has appointed Neil Thomson as its new Chief Financial Officer, effective immediately. Thomson, a seasoned veteran with 30 years of experience in hospitality company operations and finance, will be based in the company’s London Head Office. He succeeds Thomas Allen, who will assist in ensuring a smooth transition until August 29, 2025. Thomson’s extensive background, including his recent role as CFO of Tasty Re, positions him well to lead Soho House & Co’s financial strategies during this pivotal time.

Definitive Take-Private Agreement

In parallel with the CFO transition, Soho House & Co has entered into a definitive agreement to go private. This move is spearheaded by an investor group led by MCR Hotels, with significant backing from Apollo Global Management Inc., which is contributing over $700 million in financing. The deal, valued at approximately $1.8 billion, represents an 83% premium over the company’s unaffected share price, offering existing shareholders, including controlling shareholder Ron Burkle and Yucaipa, $9 per share in cash. This premium reflects the strategic value seen in Soho House & Co’s unique position in the consumer discretionary sector.

The privatization deal is supported by a customized hybrid capital solution from Apollo and continued financial support from Goldman Sachs Alternatives. This strategic move is expected to roll over the controlling equity interest of existing shareholders, including Ron Burkle, into the private entity, marking a significant shift in the company’s operational and financial landscape.

Market Reaction and Outlook

As of the close on August 14, 2025, Soho House & Co’s shares were priced at $7.64, with a 52-week high of $8.47 and a low of $4.6. The company’s market capitalization stood at $1.52 billion, with a price-to-earnings ratio of -25.76, reflecting its current financial challenges and the speculative nature of its future earnings potential.

The transition to a private company, coupled with the strategic appointment of Neil Thomson as CFO, is poised to redefine Soho House & Co’s trajectory. These developments are expected to provide the company with the flexibility and resources needed to enhance its global membership platform, focusing on work, socialization, and growth opportunities for its members.

As Soho House & Co navigates through these changes, stakeholders and industry observers will be keenly watching how these strategic moves impact the company’s position in the consumer discretionary sector and its ability to innovate and expand its global footprint.