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WeWork Europe Expansion Faces Growing Competition Before IPO

The number of co-working offices across Europe has grown by more than 200 percent in the past five years.

The US firm which offers shared office space around the world is yet to make a profit.

Privately, more than a dozen real estate and banking executives interviewed by Bloomberg expressed ambivalence about working with WeWork.

A survey of global companies by brokerage firm Knight Frank LLP found that the use of flexible office space will skyrocket in the next three years.

Rent the Runway will open a network of clothing drop-off boxies at 15 WeWork locations in the United States.

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