Wework Buys Lord And Taylor Building May 2026

At the time, WeWork was one of the world's highest-valued startups (peaking at $47 billion) and was aggressively expanding its physical footprint.

The deal quickly became a "white elephant" for WeWork following its failed IPO attempt in 2019 and the ousting of co-founder Adam Neumann. wework buys lord and taylor building

Hudson’s Bay Company (HBC), the parent company of Lord & Taylor, announced it would sell the iconic Fifth Avenue building to WeWork for $850 million . At the time, WeWork was one of the

After some financing delays, the sale officially closed in early 2019. Symbolism of the Move At the time

WeWork intended to use the 676,000-square-foot space as its global headquarters and for additional shared office space.