2023-11-07 16:14:35
Once valued at $47 billion, the company founded in 2010 held great hopes. JUSTIN SULLIVAN / AFP
DECRYPTION – Across the Atlantic, the American coworking giant is getting down on one knee. In Paris, the future of the 150,000 square meters of office space operated by the group remains unresolved. Customers and competitors anticipate it.
«We don’t realize what’s behind the scenes when we’re working there. We only see the beauty of the offices, not the state of WeWork’s accounts», breathes Camille, before rushing into the large hall of 33, rue Lafayette. The 12,000 m2 of offices of the former Areva headquarters, with a monumental glass roof and terrace from which you can see the Opera and the Eiffel Tower, have something to delight the occupants. But also catch the eye of the American giant of shared workspaces. When WeWork set up shop in France in 2017, the co-working leader set its sights on this superb Art Deco building in the capital’s ninth arrondissement. A building that lived up to its ambitions at the time. Six years and fourteen openings in Île-de-France later, the company founded by the sulphurous Adam Neumann has just filed for bankruptcy. The American branch of the group was placed under the protection of Chapter 11 of the bankruptcy law and in Canada, “a recognition procedure under the Business-Creditor Agreements Act» will be engaged. Monday evening, the market capitalization…
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