Welcome to our dedicated page for MCG news (Ticker: MCG), a resource for investors and traders seeking the latest updates and insights on MCG stock.
Membership Collective Group (MCG) operates a global network of private membership venues and digital platforms, renowned for pioneering the fusion of luxury hospitality with creative community building. This news hub provides investors and industry observers with direct access to MCG's official communications and market developments.
Our curated collection features earnings announcements, new venue openings, and strategic partnership updates directly from MCG leadership. Track the company's expansion across hospitality, coworking spaces like Soho Works, and lifestyle offerings including Soho Home retail.
Key updates cover membership growth metrics, digital platform enhancements, and sustainability initiatives within MCG's global operations. Bookmark this page for real-time insights into how the company maintains its position as the world's largest private membership network.
Soho House & Co (NYSE: SHCO) has announced the appointment of Neil Thomson as its new Chief Financial Officer, effective August 18, 2025. Thomson, a 30-year hospitality industry veteran, will succeed Thomas Allen, who will remain with the company through August 29, 2025, to ensure a smooth transition.
Thomson brings extensive experience from his previous roles as CFO of Tasty Restaurant Group and Del Frisco's, along with senior management positions at Yum! Brands, including CFO of India and Chief Development Officer of Pizza Hut International. The new CFO will be based in the company's London Head Office and aims to focus on scaling the business, implementing operational efficiencies, and improving profitability.
Soho House & Co Inc. (NYSE: SHCO) has announced a definitive take-private agreement where shareholders will receive $9.00 per share in cash, representing an 83% premium over the December 18, 2024 closing price. The transaction values SHCO at an enterprise value of approximately $2.7 billion.
The investor group is led by MCR and CEO Tyler Morse, with existing shareholders Ron Burkle and Yucaipa maintaining controlling interest. Apollo Funds will provide hybrid capital financing, while Goldman Sachs Alternatives continues its support. Notable additions include MCR's Tyler Morse joining as Vice Chairman and tech investor Ashton Kutcher joining the board.
The company has demonstrated strong performance with double-digit revenue growth and over 50% annual Adjusted EBITDA growth from 2022-2024. The transaction is expected to close by the end of 2025, subject to regulatory approvals and stockholder vote.
Soho House & Co (NYSE:SHCO) reported strong Q2 2025 results with total revenues of $329.8 million, up 8.9% year-over-year. The company achieved net income of $24.9 million ($0.13 per share), compared to a loss in Q2 2024. Adjusted EBITDA increased significantly to $46.1 million, up 46% from $31.5 million in Q2 2024.
Membership growth remained solid with total members reaching 270,297 (up 2.2% YoY), including 213,621 Soho House members (up 4.7% YoY). Key revenue segments showed positive performance: membership revenues grew 15.9% to $118.6 million, In-House revenues increased 4.1% to $132.5 million, and other revenues rose 7.3% to $78.7 million.
The company continues to evaluate a potential privatization offer of $9.00 per share from a third-party consortium, announced in December 2024, with no definitive decision made yet.
Soho House & Co (NYSE: SHCO) reported its Q4 and fiscal year 2024 results, showing mixed performance. Total revenues for Q4 reached $305.6 million (+5.4% YoY), with membership revenues growing 15.6% to $109.3 million. However, In-House revenues declined 1.5% to $123.4 million.
For FY2024, the company achieved total revenues of $1,203.8 million (+7.0% YoY), with membership revenues increasing 17.2% to $418.0 million. The company reported a net loss of $163.0 million ($0.84 per share), including $22.7 million in non-cash FX losses and $38.5 million in impairment charges.
Key operational highlights include:
- Soho House members grew to 212,447 (+9.6% YoY)
- Adjusted EBITDA reached $131.9 million (+14.1% YoY)
- Opened three new Soho Houses in Portland, Sao Paulo, and Mews House
The company is currently evaluating a privatization offer at $9.00 per share from a third-party consortium.
Soho House & Co (NYSE: SHCO) reported strong Q3 2024 results with total revenues reaching $333.4 million, up 13.6% year-over-year. Membership revenues grew 16.7% to $107.4 million, while In-House revenues increased to $120.7 million. The company achieved net income of $0.2 million ($0.00 per share) and Adjusted EBITDA of $48.3 million.
Total Members grew to 267,494, with Soho House Members increasing 13% year-over-year to 208,078. The membership waitlist remains strong at approximately 111,000. The company opened Soho Mews House in London, its 45th House, during the quarter. RevPAR showed a 5% year-over-year increase on a like-for-like basis.
Soho House & Co Inc. (NYSE: SHCO) has received a $9.00 per share acquisition offer from a third-party consortium, representing an 83% premium over the December 18, 2024 closing price. The offer is contingent on major shareholders, including Executive Chairman Ron Burkle and The Yucaipa Companies, maintaining their equity interests through a rollover arrangement.
The proposal emerged from Yucaipa's strategic review aimed at enhancing shareholder value, as they believe SHCO's current share price doesn't reflect its true value. In response, the Board has formed an independent Special Committee to evaluate the offer. The company has stated that no further public comments will be made until a specific transaction is approved or the review concludes.
Soho House & Co (NYSE: SHCO) has scheduled the release of its third-quarter 2024 financial results on Thursday, December 19, 2024. The company will host a conference call and live webcast at 9:00 am ET on the same day to discuss the results.
SHCO is a global membership platform operating 45 Soho Houses, 8 Soho Works, Scorpios Beach Clubs, and various hospitality venues. The company's portfolio includes The Ned properties in London, New York, and Doha, as well as The LINE and Saguaro hotels in North America. Founded in 1995, SHCO remains the only company to have scaled a private membership network globally, offering physical and digital spaces for members to work, socialize, and connect.
Soho House & Co (NYSE: SHCO) has announced a delay in filing its Form 10-Q for the third quarter of 2024, covering the 13-week and 39-week periods ended September 29, 2024. The company expects to file the report in mid-December 2024. Following the earnings release and 10-Q filing, the company plans to hold an Investor Day in early 2025 to discuss growth opportunities. The delay comes after the company's previous Form 12b-25 filing on November 6, 2024, stating it couldn't file by the original November 13, 2024 deadline without unreasonable effort or expense.
Soho House & Co. (NYSE: SHCO) announced its Q2 2024 results. Total members grew to 264,540, a 6.6% YoY increase, with SHCO members rising by 16% to 204,028. The membership waitlist hit a record 111,000. Total revenues were $305.1 million, a 5.6% increase. Membership revenues rose by 16.1% to $103.6 million, making up 33.9% of total revenues. In-house revenues grew by $2.9 million to $128.4 million. RevPAR was flat YoY. SHCO reported a net loss of $33.9 million or $0.17 per share, mainly due to $27 million in higher non-cash FX losses. Adjusted EBITDA increased by $1.6 million to $33.3 million. The company opened Soho House Sao Paulo and Scorpios Bodrum and plans four more houses across Europe and Asia.
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