Soho House & Co Inc (N:SHCO)
Business Focus: Internet Services
| Sector: Technology | Industry: Internet Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 515 W. 20Th Street, 5Th Floor NEW YORK NY 10011 |
| Tel: | N/A |
| Website: | https://www.membershipcollectivegroup.com |
| IR: | See website |
| Key People | ||
| Ron Burkle Chairman of the Board, Executive Director | Andrew Carnie President, Chief Executive Officer, Director | Nick Jones Founder, Director |
| Thomas Glassbrooke Allen Chief Financial Officer | Thomas Collins Chief Operating Officer | |
| Business Overview |
| Soho House & Co Inc. is a holding company. The Company's business operations are conducted through its subsidiary, Soho House Holdings Limited. It provides a global membership platform of physical and digital spaces that connects diverse groups of members from across the world. The members use the platform to work, socialize, connect and create all over the world. The Company's segments include United Kingdom, North America and Europe and Rest of the World. The members are engaged with the Company through its global portfolio which consists of approximately 42 Soho Houses, nine Soho Works, Scorpios Beach Club in Mykonos, Soho Home, its interiors and lifestyle retail brand, and its digital channels. A Soho House membership offers access to a network of houses across North America, the United Kingdom, Europe and Asia. The Ned in London, New York and Doha, The LINE and Saguaro hotels in North America also form part of its portfolio. |
| Financial Overview |
| For the 13 weeks ended 31 March 2024, Soho House & Co Inc revenues increased 3% to $263.1M. Net loss increased from $16M to $46M. Revenues reflect North America segment increase of 6% to $114.2M, United Kingdom segment increase of 3% to $81.3M. Higher net loss reflects Foreign currency gains and losses increase from $13M (income) to $5.5M (expense), General and administrative expenses increase of 12% to $34.4M (expense). |
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