IWG boss Mark Dixon has blamed the turmoil at WeWork for a 20% fall in IWG’s share price.
Dixon pointed to a fall in IWG’s shares of more than 20% over the past six months, saying investors “think somehow we’re like WeWork when we’re not.”
He added that IWG’s profit doubled to £94m in August, off record revenue of £1.7bn.
“You get this guilt by association,” he said. “We are a completely different business, four times the size and very profitable.”
