Groucho Club – hangout for Lily Allen, Rachel Weisz – set for $62m buyout

The dining room at the famous private-members’ club. (Photo courtesy: Groucho Club)

London’s Groucho Club, known for its media-industry and celebrity patrons, is set to change hands for £40 million ($62m) in a management buyout, Sky News reported.

The famous private-members’ club – which has attracted stars such as Lily Allen, Rachel Weisz, Sienna Miller and Jude Law – is also looking to expand in the U.S., the UK-based channel reported.

Based in the Soho district, the club is among the world’s best-known, and is a meeting place for actors, comedians and media executives.

Matt Hobbs, the club’s chief executive, is said to be assembling a management buyout of the business, Sky reported.

The club was founded three decades ago, and last changed hands in 2008.

Last Update: Saturday, 09 May 2015 KSA 14:31 - GMT 11:31