My impression is that it was the beer, kombucha, etc. Regis does okay (as in, not bankrupt) with only a slightly more minimalist offering. I also think they are full in some mature markets, but got overextended in others. Without that growth story they’re just Regis though.
Is WeWork in trouble because they're not charging their customers enough/they paid too much to rent or are they in trouble because they blow way too much money on back-office SGA? I ask because they seem to charge a lot and have mostly full buildings.
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Right, not some pseudo tech company. Regis went bust in early 2000s iirc
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It has to be back office. There are much cheaper coworking options out there. Even if those barely stay afloat/making slight losses WeWork is making huge losses while charging more than competition.
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Is it possible that every cheaper alternative is either vertically integrated (co-working space owns company) or vc-money subsidized? I was in a cheaper than WeWork co-working space...and then it ran out of money and closed.
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It's a combination of both.
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If you had to pick one?
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