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25.09 - 22:49
WeWork begins to renegotiate leases globally
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WeWork said on Wednesday it has started off a process of global engagement with its landlords to renegotiate nearly all its leases.
The SoftBank-backed company said it sought to negotiate favorable terms with the landlords and plans to exit unfit, underperforming locations in order to reinvest in its other assets.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Digital TransformationVisitIndian School of BusinessISB Applied Business AnalyticsVisitNorthwestern UniversityKellogg Post Graduate Certificate in Digital MarketingVisitIndian School of BusinessISB Product ManagementVisit «We intend to remain in the majority of our buildings and markets,» the company said in a statement.
Shares of WeWork were up about 9% in morning trade.
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