A group of businessmen are raising tens of millions of pounds to fund additional Mayfair private members' clubs targeting London's wealthy clientele in a growing market for exclusive social spaces.
ReadingPrivate-members clubs are now following the Soho House model: underwrite venue economics with membership volume, then layer ancillary revenue (events, food, branded objects). Capital is flowing accordingly.
WatchWatch for Alter Ego's first venue announcement and membership pricing structure. If they price below £5K annually, the category just commodified.