Soho House takeover in doubt after funding scramble

Soho House’s stock plunged more than 13pc amid fears over the takeover - Soho House Soho House’s $1.8bn (£1.3bn) takeover deal has been thrown into jeopardy after a key backer revealed it was struggling to fund the purchase. The private members’ club revealed on Thursday that US hotel giant MCR Hotels – which is leading a consortium to buy the group – was unable to fund its pledge to pay $200m towards the deal. MCR is the third-largest hotel operator in the US and its portfolio includes the 1960s-themed ...