WeworkA real estate company that operates co-working spaces said in a statement that it had requested “protection under the law Chapter 11 of the Bankruptcy Code” to United Stateto announce in bankruptcyand I plan to do a similar operation in Canada.
He argues Subject to business restructuring, Wework He commented that his Sites out United State And Canada is not part of the process, and that franchisees around the world will not be affected.
bankruptcy Only in the north
- On the New York Stock Exchange, prices Wework They were suspended.
- The action alerted investors, and the company limited itself to saying it had “pending news.”
In recent days there have been rumors about the possibility of this bankruptcy to Wework; according to The Wall Street Journalthe a company He owes $10 billion for rent spaces until 2027; Since its founding in 2010, it has lost $16 billion.
Wework he start Which amounted to 47 billion dollars; In October 2021, Its shares were valued at about $600 per share.. to New York timesfor him bankruptcy It would devastate building owners in New York or London.
¿Wework Are you saying goodbye?
David Tolley, CEO Wework, It was stated in the press release:
“We will lead the future by addressing our legacy leases and improving the balance sheet. We have defined a new category of business and these steps will allow us to continue to be the global leader in flexible working. We will continue to invest in our products, services and team.”.
EDD
