User:Ehjefferson/sandbox

As of 2019, IWG and its subsidiaries have approximately 3,000 coworking spaces in around 120 countries.{{cite news |last=Wiedeman |first=Reeves |url=http://nymag.com/intelligencer/2019/06/wework-adam-neumann.html |title=The I in We How did WeWork's Adam Neumann turn office space with "community" into a $47 billion company? Not by sharing |work=New York |date=2019-06-10 |url-status=live |archive-url=https://web.archive.org/web/20190819202233/http://nymag.com/intelligencer/2019/06/wework-adam-neumann.html |archive-date=2019-08-19 |access-date=2019-08-20 }}{{cite news |last=Olaniyi |first=Bisi |url=https://thenationonlineng.net/regus-port-harcourt-centre-relaunched/ |title=Regus' Port Harcourt centre relaunched |work=The Nation (Nigeria) |date=2019-08-16 |access-date=2019-08-20 }}

IWG consists of several subsidiary brands, including:

Regus was founded by English entrepreneur Mark Dixon in 1989 with the objective of providing flexible office space to customers in Brussels.{{cite news|url=https://www.telegraph.co.uk/finance/financetopics/profiles/5219967/Mark-Dixon-the-Briton-who-wants-to-build-a-new-Google.html|title=Mark Dixon, CEO of Regus: A true entrepreneur back on the expansion trail|work=The Independent|date=2004-07-17|access-date=2009-04-25 | location=London | first=Andrew | last=Cave}} In 1994 Regus entered Latin America with a center in São Paulo and Asia with its first center in Beijing.{{cite web|url=http://www.regus.co.uk/about-us/history/index.aspx|title=Our History - Regus UK|work=regus.co.uk|access-date=3 April 2015}} The company completed a successful IPO on the London Stock Exchange in 2000.{{cite news|last=Shah |first=Saeed |url=https://www.independent.co.uk/news/business/news/regus-valued-at-up-to-pound16bn-in-second-attempt-at-flotation-700023.html |title=Regus valued at £1.6bn in second attempt at flotation |publisher=Independent.co.uk |date=2000-09-27 |access-date=2012-10-04}}

In 2001 it acquired Stratis Business Centers, a U.S.-based network of franchised business centers.{{cite web|url=http://birmingham.bizjournals.com/birmingham/stories/2001/05/07/daily18.html |title=Regus buys Stratis in $10m deal |publisher=Birmingham.bizjournals.com |date=2001-05-09 |access-date=2012-10-04}} Later in 2001 the Regus business center on the 93rd floor of South Tower at the World Trade Center was destroyed during the 9/11 attacks; five employees lost their lives.Staff Writer. [http://edition.cnn.com/SPECIALS/2001/memorial/lists/by-employer/page88.html "September 11 - A Memorial"] (pg.88), CNN.com, August 2004 (Archive date). The company was criticized for a lack of response to the victims' families, though a Regus official said they had made "proactive outreach to every family of the team members who are missing."Dwyer, Jim, and Henriques, Diana. [https://www.nytimes.com/2001/09/20/nyregion/nation-challenged-death-benefits-money-for-families-attack-victims-could-vary.html "A Nation Challenged: Death Benefits; Money for Families Of Attack Victims Could Vary Widely"], The New York Times, September 20, 2001.

In 2002 the company sold a controlling stake (58%) of its cornerstone UK business to Rex 2002 Limited, a company created by the private equity firm Alchemy Partners.{{cite web|url=https://www.independent.co.uk/news/business/news/regus-staves-off-bankruptcy-with-57m-uk-disposal-136903.html|title=Regus staves off bankruptcy with £57m UK disposal|first=Liz|last=Vaughan-Adams|work=The Independent|date=21 December 2002|access-date=24 October 2017}} This move raised £51 million for the company,{{cite news|author=Michael Jivkov |url=https://www.independent.co.uk/news/business/analysis-and-features/the-investment-column-royalty-troubles-pile-pressure-on-arm-holdings-474877.html |title=The Investment Column |publisher=Independent.co.uk |date=2006-04-20 |access-date=2012-10-04}} which had been facing severe financial difficulties. In 2003 Regus filed for Chapter 11 bankruptcy protection for its U.S. business, which had been struggling in the wake of the dot-com bubble.{{cite web|url=http://findarticles.com/p/articles/mi_qn4158/is_20030116/ai_n9679112 |title=Regus becomes first UK firm to file for Chapter 11 |publisher=Findarticles.com |access-date=2012-10-04}} A year later it took its U.S. business out of Chapter 11 after restructuring,{{cite web|last=Williams |first=Charles |url=http://www.propertyweek.com/story.asp?storyCode=3029803 |title=Regus to exit Chapter 11 |work=propertyweek.com |date=2003-08-29 |access-date=2012-10-04}} financed by its share of the profitable UK business.

The company acquired HQ Global Workplaces, workplace provider based in the U.S. in 2004.{{cite web|url=https://query.nytimes.com/gst/fullpage.html?res=9E06E3DD123AF934A25754C0A9629C8B63 |title=Regius will buy HQ Global |work=New York Times |date=2004-07-17 |access-date=2012-10-04}} It re-acquired the Regus UK business in 2006 for £88 million. The company went on to acquire Laptop Lane, a chain of American airport business centers, later that year.[http://www.abtn.co.uk/Regus_buys_Laptop_Lane Regus buys Laptop Lane]{{dead link|date=October 2012}} In 2006 the company entered partnerships with Air France-KLM and American Airlines for preferred access for business travelers and in 2007 it entered a partnership with American Express for preferred access for their Business Platinum cardholders.[http://home3.americanexpress.com/corp/pc/2007/regus.asp Open from American Express] {{webarchive |url=https://web.archive.org/web/20080917204938/http://home3.americanexpress.com/corp/pc/2007/regus.asp |date=September 17, 2008 }}

In 2007 Regus opened business centers in Bulgaria and the middle east.{{cite web|url=http://www.Regus.QA/search/where-we-operate.aspx|title=Where We Operate|work=regus.qa|access-date=3 April 2015}} In June 2008 Regus introduced Businessworld, a multi-level membership service for flexible access to its services in any of its locations.[http://www.regusparis.com "Regus Responds to Growing Need for Privacy Amongst Business Travelers with the Launch of Businessworld Membership Card Program"] {{webarchive|url=https://web.archive.org/web/20130717002853/http://regusparis.com/ |date=2013-07-17 }}, Press release, June 16, 2008. Effective October 14, 2008, Regus Group plc became Regus plc. Regus plc was created as a holding company for Regus Group plc, to establish the company's headquarters in Luxembourg and its registered office in Jersey.[http://www.regusparis.com "Admission and Listing of New Regus Ordinary Shares"] {{webarchive|url=https://web.archive.org/web/20130717002853/http://regusparis.com/ |date=2013-07-17 }}, General notice, October 14, 2008. Regus has maintained a policy of expansion, opening new business centers.{{cite news | first=Anita | last=Likus | title=INTERVIEW: Regus Set For Expansion Despite Harsh Conditions | url=https://online.wsj.com/article/BT-CO-20100827-703480.html | location = London | newspaper=The Wall Street Journal | date=27 August 2010 }} It has also renegotiated some leasing agreements with property owners in the UK to save money, warning owners that the vehicles holding the leases could go into administration (bankruptcy); this has angered the British property industry.{{cite news | first=Graham | last=Ruddick | title=Property industry furious at Regus | url=https://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/7422905/Property-industry-furious-at-Regus.html | newspaper=The Daily Telegraph | date=12 March 2010 }}

File: Regus Hotel and Conference Centre - geograph.org.uk - 1401164.jpg]]

On 5 July 2012 UK Prime Minister David Cameron announced that Regus would provide 30,000 young entrepreneurs across England with access to its network of offices, complementing the Government's StartUp Loans scheme managed by James Caan.{{cite web |url=http://www.regus.co.uk/startuploan/index.aspx |title=StartUp Loans - Regus UK |publisher=Regus.co.uk |date=2012-07-05 |access-date=2012-10-04 |url-status=dead |archive-url=https://web.archive.org/web/20121023220353/http://www.regus.co.uk/startuploan/index.aspx |archive-date=2012-10-23 }} On 19 February 2013 the firm took control of MWB BE, a large UK-based serviced office provider with a £65.6m cash bid.{{cite web|url=http://www.ft.com/cms/s/0/11dc3da2-7ab5-11e2-9c88-00144feabdc0.html#axzz319cieiBo |title=Regus makes Business Exchange £65.6m bid |publisher=ft.com |date=2013-02-19}}

Founded in Amsterdam in 2008 as a coworking company. Now part of IWG, was acquired by Regus in 2014 and has more than 40 locations worldwide.{{cite web|url=https://www.inc.com/zoe-henry/this-entrepreneur-hasn-t-had-an-office-in-a-decade.html |title=How This Entrepreneur Grew His Business to 40 Locations Worldwide--Without an Office |work=inc.com |date=2017-07-24}}

{{Main|Basepoint Centres}}

UK brand focused on flexible business centres, aquired by IWG in 2017.{{cite web|url=https://www.propertyweek.com/news/regus-snaps-up-rival-basepoint/5091090.article|title=Regus snaps up rival Basepoint|publisher=propertyweek.co.uk |date=2017-08-25}}

Luxury co-working brand acquired by IWG in 2017.{{cite web|url=https://sg.finance.yahoo.com/news/style-meets-substance-iwg-brings-023000896.html|title=Style meets substance as IWG brings luxury No18 to Singapore|publisher=sg.finance.yahoo.com|date=2020-02-21}}

• WeWork

{{Reflist|30em}}

{{Commons category|Regus}}

• {{Official website|http://www.iwgplc.com/}}
• Salter, Chuck. [https://web.archive.org/web/20060313063507/http://www.fastcompany.com/online/33/regus.html "Office of the Future"], Fast Company, Issue 33, March 2000, page 272.
• Holusha, John. [https://query.nytimes.com/gst/fullpage.html?res=9C03E0DC133AF933A15756C0A9679C8B63 "Commercial Property/Business Centers; Modern Office for Rent: Daily Rates Available"], The New York Times, May 20, 2001.

{{Real estate in the United Kingdom}}

{{FTSE 250 Index constituents}}

{{Authority control}}

:Category:Companies listed on the London Stock Exchange

:Category:Companies established in 2016

:Category:Companies based in Luxembourg City

:Category:Property services companies of the United Kingdom

:Category:Coworking space providers