- IWG, a flex-office provider with roughly 3,500 locations in 110 countries, has started to franchise parts of its business this year.
- The company began by selling its Japanese business to local meeting and event venue operator TKP for around $446 million and singing a franchise agreement. Last month, sold its Swiss business for roughly $121.5 million to a Swiss joint-venture.
- IWG’s CEO told us that he takes inspiration from McDonald’s, which grew rapidly through franchising. Dixon hopes to eventually grow the company to 30,000 locations, close to McDonald’s more than 38,000 locations.
- Franchising is just one strategy to grow read more >>>