Groucho Club – hangout for Lily Allen, Rachel Weisz – set for $62m buyout
Famous London members club for media executives and celebs is poised to change hands in management buyout, according to Sky News
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.