Mark Dixon has confirmed that Regus will close down all of its serviced office space in Russia.
The IWG boss said that he had taken the decision to withdraw from the country following Russia’s invasion of Ukraine.
Speaking at MIPIM, Dixon said: “We have a small business in Russia. We were expanding but we’ve cut all investment.”
He added: “We’re pulling out gradually.”
Dixon did not put a timeline on IWG’s withdrawal from Russia but said that the company “just has to wait for the leases to end”.
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