By Bansari Mayur Kamdar (Reuters) -Bankruptcy filings by U.S. companies this year are on track to hit their highest since the pandemic, amid high interest rates and sticky inflation, with…
(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…
(Reuters) – Office rental firm IWG said on Tuesday it will resume regular dividend payouts and set a medium-term core profit target of $1 billion, betting on permanent hybrid work…
(Reuters) -Flexible workspace provider WeWork sought U.S. bankruptcy protection on Monday, crippled by a large debt pile and soaring losses due to lower demand for office space from cost-conscious customers.…
(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…
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…
(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…
(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…
(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…
(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…
(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…
(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…
(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…
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…