The firm plans to rid itself of $4 billion in debt through $450 million in financing and ignores founder Adam Neumann’s bid to buy back…
Posts published in “David Tolley”
The bankrupt provider of coworking spaces is aiming to emerge from chapter 11 bankruptcy before June through the restructuring of hundreds of leases, company executives…
The company filed for Chapter 11 bankruptcy in New Jersey as part of a “comprehensive reorganization” of the office space leasing giant. Source: Inman News
By WeWork’s own admission, it is unlikely to last as a company much longer. In order to survive, an earnings report said it would need…
After only three years, Sandeep Mathrani is leaving the CEO position. WeWork board member David Tolley will take over in the interim. Source: Inman News