Advertisement
Back To Daily Digest
Tags: BUSINESS

IWG seeks to improve balance sheet and get better returns on capital through franchising

IWG is taking a page out of McDonalds’ playbook by rolling out a franchise model that was pioneered by the fast food company back in the 1950s.

The flexible office provider currently has 555,000 workstations worldwide and builds out spaces in commercial office buildings for its Regus and Spaces brands, then subleases the space to companies on short-term, flexible leases.

With the new model, the company will outsource this process to its franchisees as it works to widen the gap between itself and major competitor WeWork.

Just this week, the company sold 130 of its spaces in Japan to TKP Corporation for $419.1 million.

ABOUT Aayat Ali
Aayat Ali

Aayat is an editor for the Daily Digest based out of Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces. Feel free to reach out to her at [email protected] View all posts by Aayat Ali

Latest on Daily Digest

Major Companies Extend Remote Working Policies

WeWork Positions Itself As A Safe Office Solution

Coworking Spaces Won’t Be Going Anywhere

The Importance Of Humanizing The Workplace

How Workplace Culture Is Changing

The Role Of CIOs In The Future Of The Workplace

How Coworking Firms Are Adjusting To The New Normal

Are Satellite Offices Truly Sustainable?

Accor Offers New Hotel Office Concept

Creating A Human-centric Workplace

Ad
Advertisement

FOLLOW US

  • Facebook
  • Twitter
  • LinkedIn
  • RSS
  • instagram
  • pinterest
Ad
Advertisement
Advertisement
Advertisement