Familiar high street brand under threat as firm makes shock admission it may go out of business
It comes after WeWork lost millions of pounds during the first six months of 2023 as demand for its shared office spaces weakened, it told regulators.
The company has also been struggling since its founder Adam Neumann left the business in late 2019 and it filed its IPO paperwork in August 2021. Its valuation fell from £36.92billion to less than £7.85billion following the filing and investor interest dropped.It comes after a number of retailers struggle to keep shops open as shoppers turn their attentions to online shopping.and wage costs for companies, has led to a number of stores closing for good.
Danmark Seneste Nyt, Danmark Overskrifter
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