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Andrew Carnie - 2 — - 1 Blake Lively - 1 Katy Perry - 1 Bella Hadid - 1 “ - 1 ” Mr - 1 Carnie - 1
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☆ Dry January spurred record non-alcoholic drink sales at Soho House
  + stars: | 2024-03-19 | by ( Shubhangi Goel | ) www.businessinsider.com   time to read: +3 min
On Friday, the head of the exclusive hotel and social club chain Soho House said the company saw a record rise in non-alcoholic drink sales during this year's Dry January. "What we also saw in January was a much bigger spike in non-alcoholic beverage consumption, much more than we've ever seen before," said Andrew Carnie, the chief executive officer of Soho House, on the company's earnings call. The Soho House brand has long prided itself on being associated with all things cool and en vogue — and the low-to-no booze trend is no exception. Millennials are the most interested in non-alcoholic drinks, compared with older and younger peers, per ISWR. UK bar revenues in January were down 11.5% compared with the same period in 2023, according to market researcher CGA.
Persons: —, Andrew Carnie, Blake Lively, Katy Perry, Bella Hadid Organizations: Service, Soho, Business, Soho House, Guardian, British Locations: Soho, London, Bangkok, Moscow
☆ Soho House Seeks to Knock Back Its Critics
  + stars: | 2024-03-15 | by ( Michael J. De La Merced | More About Michael J. De La Merced | ) www.nytimes.com   time to read: 1 min
Since going public nearly two years ago, the members club chain Soho House has endured a sharp decline in its stock price, economic turmoil and a short seller declaring that its shares are worthless. But the company’s chief executive, Andrew Carnie, insists it is on the right track — even as its main shareholders consider taking the business private again. “There’s no looking back,” Mr. Carnie said in an interview. “We’ve been pretty consistent over the past 12 months in delivering results.”The company released its latest quarterly financial results on Friday, reporting that it lost $118 million last year, down from a loss of $220.6 million in 2022. Using the pro forma earnings measure known as adjusted EBITDA, which excludes some expenses, it doubled its profit to $128 million.
Persons: Andrew Carnie, “, ” Mr, Carnie, “ We’ve Locations: Soho
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