WeWork appoints insider Claudio Hidalgo as COO
(Reuters) – Shared office space provider WeWork Inc has appointed insider Claudio Hidalgo as chief operating officer, the company said on Tuesday. Hidalgo served as the company’s COO Americas between June and…
Office rental firm IWG looks to snap up more sites of rival WeWork
(Reuters) – IWG is looking at acquiring more of collapsed rival WeWork’s sites, the office rental firm’s top boss Mark Dixon confirmed on Tuesday. The news comes a day after WeWork, the…
WeWork China will not participate in WeWork’s strategic reorganisation
BEIJING (Reuters) – WeWork China will not participate in the strategic reorganisation of WeWork in the United States and Canada, it said on Tuesday. WeWork China is not a branch or unit…
WeWork COO Anthony Yazbeck to step down
(Reuters) – WeWork’s Chief Operating Officer Anthony Yazbeck will step down from his role and also as president on Oct. 20, the company said on Thursday, days after it named interim chief…
KKR adds former WeWork CFO to board
(Reuters) – KKR & Co on Monday added former finance chief of office-sharing startup WeWork, Kimberly Ross, to the company’s board. The private equity firm said Ross’s appointment as the independent director…
Wall Street funds explore potential bankruptcy plan for WeWork – WSJ
(Reuters) – A group of wall street funds which lent cash to WeWork is exploring the possibility of a bankruptcy filing, the Wall Street Journal reported on Thursday citing people familiar with…
NYSE suspends trading of WeWork warrants, to start delisting them
(Reuters) – The New York Stock Exchange (NYSE) has suspended trading in WeWork’s warrants due to “abnormally low” trading price levels and will initiate proceedings to delist them, the flexible workspace provider…
WeWork receives non-compliance notice from NYSE
(Reuters) – WeWork Inc said on Tuesday that it had received a non-compliance notice from the New York Stock Exchange, as its stock traded below $1 over a 30 day period. The…
WeWork rival IWG shares plummet as analysts wary of recovery
(Reuters) – Shares of IWG fell 18% on Tuesday to their lowest since March 2020, as the office rental group’s first-half results failed to impress analysts who are expecting rising inflation and…
WeWork appoints Andre Fernandez as CFO
(Reuters) – Flexible workspace provider WeWork Inc on Thursday appointed Andre Fernandez as its chief financial officer (CFO), replacing Benjamin Dunham. Fernandez, who most recently served as the CFO and executive vice…
WeWork rival IWG to merge digital assets with The Instant Group
By Aby Jose Koilparambil – Office rental company IWG said it would merge its digital assets with flexible workspace platform The Instant Group, as office space providers benefit from the hybrid work…
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