Founded in 1995 by Nick Jones, 54, as a private members’ club, Soho House & Co has since expanded to 18 clubs in cities such as Los Angeles, Barcelona and Istanbul. It also has 20 restaurant brands, 12 hotels, 19 spas and two cinemas. In 2012, billionaire Ron Burkle reportedly acquired a 60% stake for £250m through his American private equity firm Yucaipa. In April, the group refinanced £275m of debt and opened The Ned, a £200m grade I listed hotel in the heart of the City. Profits of £31.7m in 2016 are presented before depreciation and amortisation — the group is making an operating loss partly due to its rapid expansion and high capital investment.
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