Since going public in 2021, Soho House – an upscale private members’ club frequented by A-listers, musicians, artists and other celebrity-adjacent individuals – has experienced a sharp decline in share value. The company has struggled to turn a profit despite growth in membership and revenue, according to Reuters.

Well, now you’ll probably know it for another reason; it just got sold for $2.7bn and one of Hollywood’s faves is at the helm. Well, not exactly at the helm, but actor turned startup investor Ashton Kutcher is joining the board of directors.