The Groucho Club has changed ownership with the completion of a management buyout of the Club, backed by a new group of shareholders which includes the current owners, Graphite Capital.
The Club has also added two small institutional investors – Alcuin Capital and Isfield – along with several private individual investors.
Matt Hobbs, CEO of The Groucho Club, commented:
“We are excited to welcome the backing of Alcuin and Isfield alongside Graphite in this new chapter for the club and its members. Each investor brings a wealth of knowledge and expertise that will help further accelerate the expansion and growth of the business. We all look forward to working together on the future of this iconic private members club.”
New York Plans
Plans for the future include expansion to New York – a property in lower Manhattan is already being sought.
There are no plans to alter the club’s ethos or operation in any way that would change the present nature of the Club, and it will continue to be upgraded at the same time as the Club celebrates its 30th birthday this year.
Founded in 1985 on Dean Street in the Soho area of London, The Groucho Club, on Dean Street in London, offers its membership access to world class hospitality in a relaxed environment, including three bars, two restaurants and accommodation.
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