International Workplace Group Signs Franchise in SE Asia
International Workplace Group (IWG) has signed its first franchise partnership in Southeast Asia, Business World reported this week. The flexible workspace giant signed a franchise deal with Cebu-based company, AppleOne Properties Inc. to open IWG locations in the Philippines. According to reports, under the deal API will open eight workspace locations in 6 cities: Cebu City, Lapu-Lapu City (Mactan), Mandaue City, Dumaguete City, Iloilo City, and Bacolod City.
Breather Seeks Path Towards Profitability after Massive Layoffs
BetaKit reported this week that Breather’s recent layoffs “are part of a larger plan to get the company to profitability by 2021.” BetaKit obtained a copy of an internal video that showed Breather CEO, Bryan Murphy, acknowledging the company’s overspending — Breather burned through $120 million in financing– and how the layoffs are part of an effort “to flatten out the company, to clarify roles and responsibilities, and eliminate redundancy and align resources with our mission and operating plan.”
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Roseate Hotels Launches Coworking Brand
Roseate Hotels & Resorts, a hospitality company, has announced that it has opened its first premium segment of coworking space, Upstage Club, in one of its New Delhi hotels. The new coworking space spreads across 30K square feet and has the capacity to welcome over 100 workers. The lines between coworking and hospitality have increasingly blurred over the past couple of years, and several hotel brands have transformed their lobbies into coworking areas for guests.
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