AllBright saved as assets acquired following administration
Deal News | Feb 03, 2025 | Business Cloud
Women-only members club AllBright has been rescued from administration by an investee company of London-based real estate firm Cain International. Previously valued at £100m in 2019, AllBright faced recent financial challenges, leading to the closure of its Mayfair townhouse. The assets have now been acquired, and members will relocate to a new co-hosted residence at Old Sessions House in Farringdon, which offers various amenities. Cain International plans to implement a strategic model emphasizing learning, networking, and events. This includes opening a permanent AllBright Lounge next month. The acquisition marks a significant moment for AllBright, which aims to continue empowering women and supporting business growth. Former co-founders Anna Jones and Debbie Wosskow OBE expressed surprise at the closure but hope the community will persevere. AllBright plans to maintain its focus on fostering opportunities for connection and growth among women, including through its AllBright Alliance that partners with Fortune 500 companies.
Sectors
- Real Estate Investment
- Women's Networking
- Hospitality
Geography
- United Kingdom – The events in the article are centered around London, where AllBright and Cain International are based.
Industry
- Real Estate Investment – Cain International, a real estate investment firm, acquired AllBright's assets.
- Women's Networking – AllBright is a women's network providing career support and community through digital and physical spaces.
- Hospitality – The article describes AllBright's transition to a new location with shared amenities, aligning with hospitality services.
Financials
- 100 million – Previous valuation of AllBright in 2019.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AllBright | Target company | Company | A women's network providing physical and digital community spaces. |
| Cain International | Investee Company/Buyer | Company | A real estate investment firm based in London. |
| Anna Jones | Former Co-Founder | Person | Former Co-Founder of AllBright, now CEO of Telegraph Media Group. |
| Debbie Wosskow OBE | Former Co-Founder | Person | Former Co-Founder of AllBright, now co-chair of the Invest in Women Taskforce. |
| Old Sessions House | New Location | Company | New co-hosted residence for AllBright members in Farringdon. |