In The Loop: The We Company, The Refinery, And Regus

International Workplace Group (IWG) is hoping to grow Regus’ presensence in Australian secondary cities through franchising

WeWork to Dabble in Urban Design
CitiLabs reported this week that the coworking giant is “hatching plans to deploy data to reimagine urban problems.” The company is hoping to build data-driven products and to partner with cities  and community groups in order to tackle issues like barriers to jobs, housing, education, and other urbanization challenges. The We Company has used data and artificial intelligence to make decisions like where to set up a WeWork location and it uses it to better understand how members use the space. The We Company is hoping now to use data and artificial intelligence to help design smart cities.

Suggested Reading: “WeWork Losses Continue to Mount”

International Workplace Group (IWG) is Growing Regus through Franchises
In September of last year (2018), International Workplace Group (IWG) announced that Regus would go back into the franchising business in the UK. The Financial Review reported this week that Regus is now franchising in Australia as well in order to grow its presence to second tier Australian cities. The company is hoping to “grow its franchise network to at least 100 new centers in the next five years.”

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The Refinery to Shut Down in Austin
KXAN, Austin’s NBC affiliate, reported that women-only coworking operator, The Refinery, is expected to close at the end of the month. According to the report, “parking was a major issue at the 612 Brazos St. location.” The coworking operator is recommending affected members to join The Riveter, a women-focused operator that recently entered the Austin market.

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