Regus
 |
|
| Public | |
| Traded as | : |
| Industry | Facility Management and Business Support Services |
| Founded | 1989, Brussels, Belgium |
| Headquarters |
Saint Helier, Jersey (Registered Office) Luxembourg City, Luxembourg (Head Office) |
|
Key people
|
Mark Dixon, CEO Dominique Yates, CFO Douglas Sutherland, Chairman |
| Products | Serviced Offices, Virtual Offices, Coworking, Business Lounges, Meeting Rooms, Video Communication, Workplace Recovery |
| Revenue |
 £1,927.0 million (2015)
|
|
£144.8 million (2015)
|
|
|
£119.9 million (2015)
|
|
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Number of employees
|
8,700 (2015) |
| Website | www |
Regus is a multinational corporation that provides a global workplace. As of 23 June 2015, it operated 4000 business centres across 120 countries. Founded in Brussels, Belgium, in 1989, Regus is based in Luxembourg City, Luxembourg, has 6,500 employees, is listed on the and is a constituent of the FTSE 250 Index. Regus is incorporated in Saint Helier, Jersey.
In 1989 while on a business trip to Brussels, English entrepreneur Mark Dixon noted the lack of office space available to travelling business people; they were often forced to work from hotels. He identified a need for office space that was maintained, staffed, and available for companies to use on a flexible basis and went on to found his first business centre in Brussels.
In 1994 Regus entered Latin America with a center in São Paulo and Asia with its first center in Beijing.
The company completed a successful IPO on the in 2000.
In 2001 it acquired Stratis Business Centers, a U.S.-based network of franchised business centers, and expanded into the United States market. Later in 2001 the Regus business center on the 93rd floor of South Tower at the World Trade Center was destroyed during the 9/11 attacks; five employees lost their lives. The company was criticized for a lack of response to the victims' families, though a Regus official said they had made "proactive outreach to each and every family of the team members who are missing."
In 2002 the company sold a controlling stake (58%) of its cornerstone UK business to Rex 2002 Limited, a company created by the private equity firm Alchemy Partners. This move raised £51 million for the company, which had been facing severe financial difficulties.
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Wikipedia