IWG to open new shared-office centres in London, Jakarta, U.S. Pandemic has accelerated change by 10 years, CEO says; ... IWC, owner of the Spaces and Regus brands, ...

To be clear, Regus is facing its own struggles. Like almost all office space operators, Regus has been crushed by the pandemic, with a net loss of $254 million on $2.7 billion in revenue in 2021.

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Tired of working out of hotel rooms, he started Regus (now known as IWC) in 1989 to provide business owners with affordable office space. Regus now has 3,000 locations in 900 cities.

But when the two sides could not agree a settlement, Regus decided to file for bankruptcy protection. "Regus is wholly committed to its global strategy in which the US market is a key component. "Our ...