Tag

Membership Clubs

All articles tagged with #membership clubs

Wellness Clubs Redefine Social Life as Third Spaces Take Off
business1 month ago

Wellness Clubs Redefine Social Life as Third Spaces Take Off

A CNBC feature examines the rapid rise of wellness-focused ‘third spaces’—membership clubs like Bathhouse and Othership that blend health activities (saunas, cold plunges, classes) with alcohol-free socializing. These spaces aim to combat loneliness and fill a growing demand for meaningful community, prompting big investments and expansion (Bathhouse targeting roughly $120M in run-rate revenue; Life Time pushing premium wellness) and broader franchise growth (Glo30). The trend signals a shift in how people seek connection beyond traditional gyms and nightlife.

Soho House Considers Going Private Amid Short Seller Criticism
business2 years ago

Soho House Considers Going Private Amid Short Seller Criticism

Soho House is considering going private after a short seller's report likened the company to WeWork and gave it a price target of zero, causing its shares to plunge. The company has formed a special committee to evaluate strategic transactions, and its rebuttal of the report did not deter the short seller's bearish outlook. Soho House's membership fees and age restrictions were highlighted as potential challenges, and the company missed Wall Street's expectations in its latest quarterly earnings report.