Reading Time: < 1 minute US: WeWork has acquired Dallas-based coworking startup Common Desk for an undisclosed sum. The coworking startup has 23 locations in North Carolina and Texas, 19 of which have hotel-style management agreements. The acquisition is WeWork‘s first since going public, and also the first under the watch of CEO Sandeep Mathrani,
Reading Time: 2 minutes UK: infinitSpace, a white label flexible workspace provider co-founded by former WeWork MD of North and West Europe Wybo Wijnbergen, has launched its first London location in Aldgate Tower.
Reading Time: < 1 minute US: The parent company of Saks Fifth Avenue department stores, Hudson’s Bay Co., is teaming up with WeWork to launch a new concept, SaksWorks.
Reading Time: 2 minutes US: WeWork has announced that it has relinquished management of the two properties in its coliving brand, WeLive.
Reading Time: < 1 minute US: WeWork’s losses almost quadrupled to $2.1 billion in Q1 2021, as it continued to lose members and restructured its property portfolio.
Reading Time: 2 minutes US: WeWork is set to list on the stock market via a purchase by the publicly traded BowX Acquisition Corp.
Reading Time: 2 minutes US: Several properties and companies linked to Quarters, the coliving brand of Berlin-based Medici Living Group, have filed for Chapter 7 bankruptcy.
Reading Time: < 1 minute US: WeWork co-founder Adam Neumann has invested $30 million in Alfred Club Inc., a startup that provides apartment buildings with services including concierge staff and software.
Reading Time: < 1 minute US: SoftBank is injecting a further $1.1 billion into WeWork as it battles declining membership amid the pandemic.
Reading Time: < 1 minute UK: WeWork has made a second round of bobcats n the UK as it continues its restructuring.