Regus
From Wikipedia, the free encyclopedia
| The Regus Group | |
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| Type of Company | Public limited (LSE: RGU) |
|---|---|
| Founded | 1989, Brussels, Belgium by Mark Dixon |
| Headquarters | Chertsey, England and Dallas, USA |
| Key people | Mark Dixon, CEO Stephen Gleadle, CFO Rudy Lobo, COO |
| Industry | Facility management and business support services |
| Products | Serviced offices, virtual offices, meeting rooms |
| Revenue |  £463.3 million GBP (2005) |
| Net income | £44.8 million GBP (2005) |
| Employees | 4,000 (2006) |
| Slogan | Professional Workplaces on Demand |
| Website | www.regus.com |
The Regus Group (LSE: RGU) is a multinational corporation based in Chertsey, England and Dallas, Texas. Regus and its brands (HQ, Stratis, Business Meeting Places, and Laptop Lane) provide serviced offices, virtual offices, and meeting rooms to clients on a contract basis. Regus caters to small businesses, large companies with few representatives in a given location, and frequent travellers. The company operates in over 60 countries, with more than 750 business centers in 350 cities, making it the world's largest provider of outsourced workspace. Company 2005 revenues were GBP £463.3 million. Regus employs 4,000 people worldwide, and is listed on the London Stock Exchange's FTSE 250.
[edit] History
While on a business trip to Brussels, a British 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.
- 1989: Founds first business center in Brussels, Belgium
- 2001: Acquires Stratis, expands into the U.S. market
- 2001: The Regus business center on the 93rd floor of South Tower at the World Trade Center is destroyed during the 9/11 attacks
- 2002: Sells stake in its UK business to Rex 2002 Limited
- 2003: Enters Chapter 11 bankruptcy protection
- 2004: Exits Chapter 11 after reorganization
- 2004: Acquires HQ, a global workplace provider based in the U.S.
- 2006: Re-acquires Regus UK business
- 2006: Acquires Laptop Lane, a chain of American airport business centers
- 2006: Enters partnerships with Air France-KLM and American Airlines for preferred access for business travellers
