{"id":161767,"date":"2023-11-09T10:43:16","date_gmt":"2023-11-09T09:43:16","guid":{"rendered":"https:\/\/www.voyages-d-affaires.com\/?p=161767"},"modified":"2023-11-09T10:43:16","modified_gmt":"2023-11-09T09:43:16","slug":"wework-bankruptcy-iwg-growth","status":"publish","type":"post","link":"https:\/\/www.voyages-d-affaires.com\/en\/wework-bankruptcy-iwg-growth","title":{"rendered":"Grandeur for IWG, decadence for WeWork"},"content":{"rendered":"

This comes as no surprise, as the collapse was expected sooner or later. WeWork filed for bankruptcy at the beginning of the week in the United States. The American coworking giant, backed by the Japanese conglomerate Softbank, saw its value plummet from $47 billion to just $50 million in the space of a year. Weighed down by high rents, weighed down by its debts, hurt by soaring interest rates and the widespread use of home working, the start-up founded by Adam Neumann around designer coworking spaces has placed itself under Chapter 11 protection in the United States <\/strong>and similarly in Canada.<\/p>\n\n\n\n

However, this filing only concerns WeWork establishments in these two countries, those outside North America not included in this procedure<\/strong>. \"\u00a0WeWork franchisees around the world are not affected either.<\/em>\" says this leading player in shared office space. The twenty or so Paris sites should therefore continue to operate as usual.<\/p>\n\n\n\n