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IWG stares down landlords with insolvency threat

The flexible workspace provider is due to file for insolvency for its Regus subsidiary, pulling the plug on £790m of lease commitments
IWG stares down landlords with insolvency threat

As Covid-19 squeezes demand for offices, shared workspace provider IWG (IWG) is set to place its Jersey-based subsidiary, Regus plc, into insolvency. The move is designed to send a signal to landlords that unless they are prepared to lower their rents, IWG is willing to walk away from its lease obligations.

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