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.

Soho House plans to go private again after four years on Wall Street. The luxury members club operator has struck a deal with an investor group led by hotel giant MCR.

Ashton Kutcher will join the board of the company, an operator of private clubs, which has faced criticism from investors over its business model.