Regus
From Wikipedia, the free encyclopedia
| The Regus Group | |
|---|---|
 |
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| Type | Public limited (LSE: RGU) |
| Founded | 1989, Brussels, Belgium by Mark Dixon |
| Headquarters |  Chertsey, Surrey, UK Dallas, Texas, USA |
| Key people | Mark Dixon, CEO Stephen Gleadle, CFO Rudy Lobo, COO Jayne O'Brien, CMO |
| Industry | Facility management and business support services |
| Products | Serviced offices, virtual offices, meeting rooms |
| Revenue | ▲£862.4 million GBP (2007) |
| Net income | ▲£122.6 million GBP (2007) |
| Employees | 4,730 (2007) |
| Website | www.regus.com |
The Regus Group plc (LSE: RGU) is a multinational corporation based in Chertsey, England and Dallas, USA. Regus and its brands (HQ and Regus Express) 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 70 countries, with more than 950 business centers in 400 cities, making it the world's largest provider of outsourced workspace. Company 2007 revenues were GBP £862.4 million. Regus employs 4,730 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
- 1994: Regus enters Latin America with a center in São Paulo
- 1999: Enters Asia with its first center in Beijing
- 2000: Completes a successful IPO on the London Stock Exchange
- 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
- 2007: Enters partnership with American Express for preferred access for their Business Platinum cardholders.
[edit] External links
- Salter, Chuck. "Office of the Future." Fast Company. Issue 33, March 2000, page 272.
- Holusha, John. "Commercial Property/Business Centers; Modern Office for Rent: Daily Rates Available." The New York Times. May 20, 2001.
