2023-08-09 08:03:10
Lire aussi: WeWork, we failed
Restructuring
The fate of New York-headquartered WeWork hinges on “the successful execution of management’s plan to improve the company’s liquidity and profitability,” the company said in the SEC filing. . It is considering restructuring, negotiating more favorable terms for leases, increasing the number of tenants and perhaps even issuing debt securities or selling assets. WeWork’s stock fell nearly 24% to 16 cents in electronic trading after the close of trading on Tuesday.
WeWork board member David Tolley took over as interim CEO of the company in May, replacing Sandeep Mathrani, the real estate industry veteran who took over from Adam Neumann in 2020. The Collapse of WeWork, which was valued at 47 billion dollars, had seriously tarnished the image of the Japanese billionaire Masayoshi Son, the director and founder of SoftBank Group.
Read also: “WeCrashed”, the irony of Apple
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