DEAL Holdings has launched FAB Group, a new lifestyle and culinary brand that will open at least 25 destinations in the UAE within five years and expand into Saudi Arabia and Qatar, creating over 800 jobs in the process.
Soho House will return to private ownership in a $2.7 billion deal led by MCR Hotels, offering shareholders $9 per share, nearly 18% above the last close. The agreement, which lifted shares more than 15%, will see Ashton Kutcher join the board and Neil Thomson step in as Chief Financial Officer as the club operator seeks stability after a turbulent public run.
The project will rise on the former site of the Shin-Yurakucho Building, reimagining the location as a dynamic hub where art, fashion, food, and hospitality converge.
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