The Latest Breaking News from WeWork

WeWork's UK subsidiary owes £730 million after 'weaker than contemplated' demand

WeWork’s top UK subsidiary posted a loss of £110 million in 2022 and said it owed nearly three quarters of a billion pounds to its US parent in signs the London office market’s sluggish recovery from the coronavirus pandemic has crippled its finances. 

Evening Standard · Jan 4, 2024

Why corporate bankruptcies were up in 2023 despite the improving economy

Hundreds of debt-saddled companies filed for bankruptcy this year, as the era of easy money caught up to corporations. High interest rates mean banks aren't extending lifelines.

WEKU · Dec 28, 2023

The party never stops at WeWork. Even after bankruptcy

At WeWork, company execs are refusing to let its US bankruptcy filing be a downer on the Christmas spirit.  

Evening Standard · Dec 22, 2023

Blackstone plans to double-down on its Europe real estate investments—but in London, it already has an upper-hand as WeWork locations have fallen

The private equity group, which recently hit $1 trillion in assets under management, has a number of flexible office spaces in London through The Office Group.

Fortune · Nov 29, 2023

WeWork approached physical space as if it were virtual, which led to the company's downfall

On Nov. 6, the co-working firm WeWork filed for bankruptcy. WeWork, founded by Adam Neumann and Miguel McKelvey in 2010, had a simple business model: it signed long-term leases on urban buildings, fitting them out with modern work facilities. Then, it rented out desks, offices and meeting rooms to companies…

The Conversation · Nov 23, 2023

3 At-Risk Retail Stocks That Could Follow in WeWork's Footsteps

WeWork just filed for bankruptcy as it continued to post massive losses. Will these three loss-making retail stocks also go under?

Barchart · Nov 9, 2023

Japan's SoftBank hit with $6.2B quarterly loss as WeWork, other tech investments go sour

Japanese technology company SoftBank Group has reported it racked up a huge loss in the July-September quarter, as some of its investments soured

The Independent UK · Nov 9, 2023

SoftBank paid WeWork lenders almost $1.5bn before bankruptcy filing

Court papers reveal Japanese conglomerate transferred money less than a week before office rental group filed for bankruptcy

The Guardian - US · Nov 8, 2023

A former Blackstone exec wants to salvage WeWork from bankruptcy

The company has renegotiated more than 500 of its leases, and is working on doing so with another 400.

Fortune · Nov 8, 2023

Adam Neumann fires subtle shots at his WeWork successors

Adam Neumann, the billionaire founder of WeWork, said the company "has failed to take advantage of a product that is more relevant today than ever before" since he left.

Fortune · Nov 8, 2023