March 26th
After going on a massive expansion spree following funding from SoftBank’s Vision Fund, The We Company revealed that it doubled its losses and revenue last year.
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January 10th, 2019 - By Aayat Ali
WeWork burrowing into yet another sector of the market
WeWork is spreading its wings even further, announcing a new partnership with LIKEtoKNOW.it to open a pop-up shop at Aviation House in London where customers can purchase items from Matalan, Urban Outfitters, Amazon and more.
Recently, the company introduced WeMARKT in an attempt at further delving into the retail world that offers apparel, office supplies, and food.
Succeeding this was another partnership with Rent the Runway, an online retailer that provides rental designer dresses and accessories. WeWork expanded these drop-off centers across 15 locations as well as hosting pop-ups in the spaces.
In short, it is clear that WeWork is evolving into much more than a coworking space provider and is rapidly making a name for itself in various other sectors, namely retail.
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25hours Hotels CEO Christoph Hoffman is unimpressed with the massive growth of coworking, coliving and homesharing trends and believes the market has become saturated.
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The We Company has plans to expand into the “smart cities” industry by using data collection, which it’s used in the past to determine the best locations for new spaces.
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American-based design studio Brand Bureau has renovated an old food processing factory into a venue that features coworking spaces, dining, shuffleboard courts, and more.
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The Wing, a female-centric coworking space, has lightened up its controversial women-only policy as it comes on the cusp of opening its first Southern California location.
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Former global executive at CBRE Susan Wojciechowski has joined the WeWork team as global head of client real estate advisory services to enhance workplace experiences.
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At Innovation 2019, an international panel agreed that offering flexible workspaces for public bodies boosts productivity, morale, and is more tax and cost efficient.
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Officebroker.com is rebranding as Officio to move away from the broker model and aid clients in finding long-term solutions, rather than completing short-term goals.
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The We Company has taken its next step in its future city initiative by hiring designer Dror Benshetrit of Studio Dror and Di-Ann Eisnor, the head of growth at Waze.
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JLL research revealed that Dallas-Fort Worth is ranked 12th out of the country’s top 15 coworking and flexible space markets, taking up 3 million square feet of space.
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