Latest news with #membersclub
Telegraph
4 days ago
- Business
- Telegraph
Soho House profits jump after members club makes it harder to join
Soho House has reported a jump in profits after the members club shut its doors to new members in key cities amid complaints about overcrowding. The London-based group posted an operating profit of just under $60m (£44.6m) in the three months to July – up from $35m in the previous quarter. It marks the first time it has posted consecutive quarterly profits after three decades in the red. Revenues rose 9pc to $330m, driven by growth in both memberships and in-house sales such as food and drink. The improved performance suggests turnaround efforts at Soho House, which launched from a single town house on Soho's Greek Street in 1995, are starting to bear fruit. Under chief executive Andrew Carnie, the members' club has slammed the brakes on its rapid expansion following complaints its sites were becoming too busy and losing their exclusivity. Soho House stopped accepting new members in London, New York and Los Angeles last year in an effort to slow growth. Instead, it has focused on refurbishing its clubs, improving its food and drink offering, and introducing new wellness facilities. Soho House has also invested more in events and experiences such as its London festival and pop-up hospitality suites at Formula 1 races. Nevertheless, the group has continued to open new locations in recent months, including Soho Mews House and Soho Farmhouse Ibiza, taking the total to 46 clubs worldwide. It now has more than 270,000 members – up 2.2pc on last year – with the waiting list for membership at a record high. It comes as Ron Burkle, the billionaire Soho House chairman, revives efforts to take the company off the stock market. In December, Mr Burkle and a consortium of investors tabled an offer to take the company private for $9 per share, valuing it at almost $1.8bn. Its market valuation currently stands at just under $1.3bn. Soho House, which has set up a special committee to assess the bid, said it was continuing to explore the move but that there was no guarantee a deal would take place. Mr Burkle has argued that the market has undervalued Soho House. Shares have plummet by almost 50pc since its New York listing in 2021. Soho House has clashed with New York-based short seller GlassHouse, which last year published a report comparing it to formerly bankrupt co-working business WeWork and accusing the company of having a 'broken business model and terrible accounting'. Soho House said the report included 'factual inaccuracies, analytical errors and false and misleading statements'. Mr Burkle, 72, acquired a majority stake in Soho House from restaurateur Richard Caring in 2012. Together with Nick Jones, the club's founder who stepped down as chief executive in 2022 to recover from cancer, they own 75pc of the company. Mr Carnie said: 'Our second quarter results reflect the continued strength of the Soho House membership model and the real progress we've made in transforming the business. 'We're continuing to focus on what matters most to our members – whether it's experiential openings like Soho Farmhouse Ibiza, refreshed spaces across our existing Houses, or more curated cultural programming. 'We've also launched in our Houses new Soho Health Clubs with holistic and advanced technology wellness facilities, and introduced new food and beverage residencies and diversified our menus – all of which help to deepen the value of Every House membership.'
Yahoo
23-07-2025
- Business
- Yahoo
THE MAZE PARTNERS WITH TOM COLICCHIO TO REDEFINE DINING AT NYC'S FIRST ALCOHOL-FREE MEMBERS CLUB, OPENING THIS OCTOBER
NEW YORK, July 23, 2025 /PRNewswire/ -- The Maze, New York City's first alcohol-free members club, is proud to announce that acclaimed chef Tom Colicchio and his team at Crafted Hospitality will lead the club's culinary program as official food and beverage partner. Located at 43 West 24th Street and set to open this October, The Maze will feature an on-site restaurant helmed by Tom Colicchio's team, bringing his signature New American cuisine to a purpose-driven space that reimagines how New Yorkers connect - without alcohol. An 8-time James Beard Award winner and Emmy-winning judge and producer on Bravo's Top Chef, Colicchio is the founder of Crafted Hospitality, whose portfolio includes New York staples Craft, Temple Court, and Vallata, as well as Craftsteak in Las Vegas and Small Batch on Long Island. Beyond the kitchen, Colicchio is a leading voice for food justice, having executive produced A Place at the Table and collaborated with former First Lady Michelle Obama on the Healthy Hunger-Free Kids Act. "What drew me to The Maze was the opportunity to rethink hospitality in a space that's reimagining how people engage with one another," said Tom Colicchio, Owner of Crafted Hospitality. "We're creating a menu that celebrates seasonality, bold flavors, and the kind of dining experience that stays with you long after the meal." The Maze spans 4,600 square feet with a full-service restaurant, coffee bar, lounges, and event spaces designed for connection. A rotating menu of locally sourced ingredients highlights the club's mission of mindful, alcohol-free gathering. "At The Maze, we're redefining how people gather - and that includes how we experience food," said Justin Gurland, Founder and CEO of The Maze. "Partnering with Tom Colicchio and Crafted Hospitality allows us to offer a dining experience that reflects our values of intentionality, connection, and exceptional quality - and creates space for more meaningful moments around the table." Programming at The Maze includes monthly Cornerstone groups and weekly events as a thoughtful alternative to traditional nightlife. Early members span wellness, the arts, tech, and business, reflecting a dynamic, values-driven community. Membership applications open today, with a select number of spaces. Apply now at For more information, visit and follow along on Instagram, @themazenyc. View original content to download multimedia: SOURCE The Maze Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-07-2025
- Entertainment
- Yahoo
Will Makris on Bottle Service, Tequila, Vodka, & Champagne
Will Makris, one of the founders of New York City's most exclusive members clubs, Zero Bond, joins Rich Kleiman and Boardroom to discuss what's happening in NYC's bustling nightlife. With notable patrons such as Taylor Swift, Gigi Hadid, and the Kardashians, Makris has his pulse directly on the pulse of New York City Nightlife. They discuss Makris's involvement in the White Party and how he built a hospitality juggernaut in one of the City That Never Sleeps. In this conversation, the NYC restaurateur shares how being in the right place at the right time served as a launching pad to his storied career and how his business-shifting model of a members' club almost did not come to life in the height of COVID.
Yahoo
19-07-2025
- Entertainment
- Yahoo
Bungalow 8, Centro-Fly, & More: Will Makris Reveals His Top 5 NYC Hot Spots
Will Makris, one of the founders of New York City's most exclusive members clubs, Zero Bond, joins Rich Kleiman and Boardroom to discuss what's happening in NYC's bustling nightlife. With notable patrons such as Taylor Swift, Gigi Hadid, and the Kardashians, Makris has his pulse directly on the pulse of New York City Nightlife. They discuss Makris's involvement in the White Party and how he built a hospitality juggernaut in one of the City That Never Sleeps. In this conversation, the NYC restaurateur shares how being in the right place at the right time served as a launching pad to his storied career and how his business-shifting model of a members' club almost did not come to life in the height of COVID.
Harpers Bazaar Arabia
09-07-2025
- Entertainment
- Harpers Bazaar Arabia
Dubai's Most Discreet Members Club Is Headed To Mykonos
With a villa, a view, and an exclusive guest list, L'invité begins a new season of experiences beyond the UAE The cool press of a martini glass against your cheek, the salty haze of sunset over the Aegean, and summer hits playing low in the background, this is what the season might look like for you. That is, if you're part of L'invité's new lifestyle series, set to launch in Greece. Hosted at the iconic Belvedere Waterfront Villa in Mykonos, the weekend will mark the launch of L'invité's new experience, a carefully scheduled calendar of events that extends the private members club beyond the UAE. For the Mykonos edition, members, tastemakers, and media will gather for an evening shaped by Belvedere 10 martinis, a caviar station, and DJ sets from local artists. Founded in Dubai in 2020, L'invité has grown into a community that values access, elegance and connection. Perfectly defined by its name, French for 'the invited one', the club remains intentionally selective, offering its members exclusive events, 24/7 concierge support, and access to a network of premium venues and experiences. As it approaches its fifth anniversary, L'invité is spreading to have a global presence. The upcoming Mykonos launch speaks to their broader vision, to create a rhythm of seasonal gatherings that feel both grounded in place and connected by purpose. While it's a soft launch of their new outlook, the next step is clear. L'invité is no longer just a secret kept in Dubai.
