Regus likes the Credit Crunch
October 14th, 2007 | by James Welch
Office space giant, Regus, is hoping to benefit from the credit crunch hitting the UK. Chief Exec. Mark Dixon explains that as companies shed costs (and unfortunately workers), serviced office space will be needed much more rather than expensive office buildings. Regus itself has been a victim of a crash itself – the dotcom boom in 2000 – so it knows all too well that changes such as the credit crunch could have large effects on the UK economy. Regus was almost ruined back then because lots of business was from start-up technology companies using Regus as their home.
However, this time, he has stated that the Regus business model is much better prepared and infact, it will benefit greatly from others’ misfortune.
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