3 ms·

Regus / Spaces (the "hipper" version of Regus, same parent company) existed long before WeWork. They're not as nice because they're run as an actual business bu

by er4hn 3y ago

Regus / Spaces (the "hipper" version of Regus, same parent company) existed long before WeWork. They're not as nice because they're run as an actual business but they do exist around the world and are perfectly fine places to get work done.

jameslk 3y ago
I had the pleasure of dealing with Regus / Spaces trying to enforce their contract and collect payment for office rent even though I couldn't go to their offices due to COVID and lockdowns (this was during the peak of it in April of 2020). I have to disagree that this company is perfectly fine to do business with, after so many calls and emails with them over this absurd matter and their egregious business practices during a time of crisis, which they threatened collections on but luckily never pursued (at least that I'm aware). Keep in mind this is their standard business practices, no matter what hardship or act of God that's preventing you from paying them.[0] Their stock is down nearly 50% over the past 5 years, even 17% below where it was during the crash in 2020, so they aren't a gleaming example of success either. 0. https://www.google.com/search?q=regus+collections+reddit https://www.google.com/search?q=regus+collections+reddit
- legostormtroopr 3y ago
  Pretty hard to fault a company for trying to enforce contracts, especially in response to factors like COVID that are outside their control. It sucks, but if you sign a contract for a period of time for a specific service, outside factors that limit your ability to use the service are not their problem from a business perspective. If they allowed everyone to break contracts because government restrictions prevented people from going in, they would have completely closed. If anyone I would be angry at the government for not supporting you.
  - pseingatl 3y ago
    No force majeure clause in your rental contract? Even if it's not there, it's in the law.
  - jameslk 3y ago
    Yes, they were trying to stay afloat by throwing under the bus all the small businesses that couldn't afford to pay for office space they couldn't even go to[0]. So sorry that they used any cushion they had previously for share buybacks the year prior[1]. Commendable business practices that nobody should fault. You've gotta admit, there's a bit of irony in making this claim while they were using Chapter 11 to to get out of their own contracts[2]. 0. https://www.huffingtonpost.co.uk/entry/coronavirus-company-under-fire-for-charging-start-ups-rent-despite-working-from-home_uk_5e7b5af7c5b6d01bd1552f0e https://www.huffingtonpost.co.uk/entry/coronavirus-company-u... 1. https://www.marketscreener.com/quote/stock/IWG-PLC-32526474/news/IWG-plc-commences-an-Equity-Buyback-Plan-for-89-506-349-shares-representing-9-69-of-its-issued-sha-34198690/ https://www.marketscreener.com/quote/stock/IWG-PLC-32526474/... 2. https://allwork.space/2020/09/iwgs-reasoning-behind-entities-filing-for-bankruptcy/ https://allwork.space/2020/09/iwgs-reasoning-behind-entities...
dools 3y ago
I use Regus, they're awesome.

by er4hn 3y ago

jameslk 3y ago

I had the pleasure of dealing with Regus / Spaces trying to enforce their contract and collect payment for office rent even though I couldn't go to their offices due to COVID and lockdowns (this was during the peak of it in April of 2020). I have to disagree that this company is perfectly fine to do business with, after so many calls and emails with them over this absurd matter and their egregious business practices during a time of crisis, which they threatened collections on but luckily never pursued (at least that I'm aware). Keep in mind this is their standard business practices, no matter what hardship or act of God that's preventing you from paying them.[0] Their stock is down nearly 50% over the past 5 years, even 17% below where it was during the crash in 2020, so they aren't a gleaming example of success either. 0. https://www.google.com/search?q=regus+collections+reddit https://www.google.com/search?q=regus+collections+reddit

legostormtroopr 3y ago
Pretty hard to fault a company for trying to enforce contracts, especially in response to factors like COVID that are outside their control. It sucks, but if you sign a contract for a period of time for a specific service, outside factors that limit your ability to use the service are not their problem from a business perspective. If they allowed everyone to break contracts because government restrictions prevented people from going in, they would have completely closed. If anyone I would be angry at the government for not supporting you.
- pseingatl 3y ago
  No force majeure clause in your rental contract? Even if it's not there, it's in the law.
- jameslk 3y ago
  Yes, they were trying to stay afloat by throwing under the bus all the small businesses that couldn't afford to pay for office space they couldn't even go to[0]. So sorry that they used any cushion they had previously for share buybacks the year prior[1]. Commendable business practices that nobody should fault. You've gotta admit, there's a bit of irony in making this claim while they were using Chapter 11 to to get out of their own contracts[2]. 0. https://www.huffingtonpost.co.uk/entry/coronavirus-company-under-fire-for-charging-start-ups-rent-despite-working-from-home_uk_5e7b5af7c5b6d01bd1552f0e https://www.huffingtonpost.co.uk/entry/coronavirus-company-u... 1. https://www.marketscreener.com/quote/stock/IWG-PLC-32526474/news/IWG-plc-commences-an-Equity-Buyback-Plan-for-89-506-349-shares-representing-9-69-of-its-issued-sha-34198690/ https://www.marketscreener.com/quote/stock/IWG-PLC-32526474/... 2. https://allwork.space/2020/09/iwgs-reasoning-behind-entities-filing-for-bankruptcy/ https://allwork.space/2020/09/iwgs-reasoning-behind-entities...

dools 3y ago

I use Regus, they're awesome.