Ivanhoé Cambridge CEO Daniel Fournier and WeWork CEO Adam Neumann (Credit: Getty Images and Ivanhoé Cambridge) The We Company’s latest play has been revealed: become its own landlord. The $47 billion flexible-office space startup has launched a private real estate investment arm, ARK, which will buy property and fill it with WeWork services for its […]
As it gears up for an IPO, WeWork faces competitive headwinds in Europe
WeWork CEO Adam Neumann (Credit: Getty Images) WeWork’s announcement this week that it has filed preliminary paperwork to pave the way for a public offering is a signal of its plans to expand further. But in Europe, the company faces a more competitive field where local firms dominate market share in many cities. Flexible office […]
The We Company files initial paperwork for an IPO
The We Company CEO Adam Neumann (Credit: Getty Images and iStock) The We Company, formerly known as WeWork, submitted a filing with the U.S. Securities and Exchange Commission that would allow it to go public, the company announced in a press release. Adam Neumann, the company’s CEO, said he had been celebrating his birthday when […]
The downturn is coming. Can the We Company survive the storm?
WeWork co-founder Miguel McKelvey, Adam Neumann, CFO Artie Minson, and Vice Chairman Michael Gross in a bunker made out of money (Credit: Getty Images and iStock) In January, Adam Neumann went on CNBC to quiet concerns that his company, WeWork, was in trouble. News had just broken that SoftBank Group, WeWork’s primary investor, had walked […]
WeWork shuffles C-suite executives amid international push
From left: Adam Neumann, Eugen Miropolski and Jen Berrent (Credit: Getty Images and Twitter) The co-working giant formerly known as WeWork is reorganizing its C-suite as it tries to build its international presence. The We Company promoted Eugen Miropolski to chief operating officer from managing director of Europe and Asia — excluding Japan. Miropolski will […]
Could McDonald’s franchise model help IWG beat WeWork?
(Credit: iStock) IWG, the world’s largest flexible-office provider, is now turning to McDonald’s for inspiration on how to ward off competition from WeWork. The Swiss firm, which has about 555,000 workstations globally, is planning to roll out the franchise model pioneered by McDonald’s back in the 1950s in a bid to accelerate its growth, according […]