Soho House chain set to float for £1.4billion

PRIVATE members’ club Soho House is lining up a stock market listing that could value the chain at £1.4billion.

The business founded by chief executive Nick Jones, has 18 outlets including Soho and Mayfair in London and further afield in Barcelona, Berlin, Malibu and New York.

The original club opened in Greek Street, Soho in 1995 and the chain now includes bars, hotels, restaurants and cinemas. It was originally established as a ‘home from home’ for celebrities and those in the media industry but now attracts a wider clientele of globetrotting executives and the wealthy.

Shareholders include US private equity baron Ron Burkle, who owns 60 per cent, restaurateur Richard Caring, and Jones, who is married to Desert Island Discs presenter Kirsty Young.

Jones last month celebrated the reopening of the Soho club inviting his 300 original members and 300 people who have recently signed up. Celebrities included comedian Steve Coogan and TV presenter Gary Lineker.

The company is understood to be mulling a listing on the New York stock exchange. Goldman Sachs and JPMorgan have been appointed as advisers, according to Sky News.

The money raised in the share sale is expected to support further international growth. Soho House declined to comment.