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Catherine, the Princess of Wales and the wife of Prince William, underwent abdominal surgery in London on Tuesday, and will remain hospitalized for 10 to 14 days, according to the couple’s office in Kensington Palace. The office did not offer details on Catherine’s diagnosis or prognosis, other than to say that the surgery had been planned and was successful. It said the princess, who is 42, would continue to recuperate at home after she left the hospital and would not return to public duties until after Easter. “Her Royal Highness the Princess of Wales was admitted to the London Clinic yesterday for planned abdominal surgery,” Kensington Palace said in a four-paragraph news release. She and Prince William, along with their three children, Prince George, Princess Charlotte, and Prince Louis, have moved to the foreground of the family since the death of Queen Elizabeth II in 2022, and the rupture between the family and Prince Harry, William’s younger brother.
Persons: Catherine, Princess, Wales, Prince William, , Kate Middleton, Prince George , Princess Charlotte, Prince Louis, Queen Elizabeth II, Prince Harry, William’s Organizations: London Clinic Locations: London, Kensington Palace, Kensington
LONDON (AP) — The Princess of Wales has been hospitalized after undergoing planned abdominal surgery and will remain at The London Clinic for up to two weeks, Kensington Palace said Wednesday. The former Kate Middleton is expected to return to public duties after Easter, the palace said. “The Princess of Wales appreciates the interest this statement will generate,'' the palace said. The palace said that Kate, the wife of Prince William, wished to apologize for postponing her upcoming engagements. “She looks forward to reinstating as many as possible, as soon as possible,” the palace said.
Persons: Kate Middleton, Easter, , Wales, Kate, Prince William, , Catherine Elizabeth Middleton, Pippa, James, Princess Diana, King Charles III, Prince Harry, Prince, Princess Organizations: London Clinic, Marlborough College, University of St, Sandringham Locations: Wales, Kensington, Reading, England, Berkshire, London, Jordan, Andrews, Scotland, California
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewKate Moss' sister, Lottie Moss, posted a tearful video on TikTok on Monday, saying she's struggled with her mental health for years and doesn't like the person she is. Lottie has previously spoken out about her drug and alcohol use and her negative experiences in the modeling industry . AdvertisementShe also addressed some of her privileges as a model and younger sister to Kate Moss, saying, "You can be grateful and still struggle." She previously said the two weren't particularly close, although in her TikTok video she said her sister had "got me a lot of things."
Persons: , Kate Moss, Lottie Moss, she's, Lottie, it's, Calvin Klein Organizations: Service, Business, Glamour UK, BBC Locations: tiktok
Kate Moss at 50: A supermodel through the decades
  + stars: | 2024-01-16 | by ( Amy Woodyatt | ) edition.cnn.com   time to read: +7 min
CNN —British supermodel Kate Moss turns 50 today — and she remains as much a cultural icon as when she emerged as a breakout star more than three decades ago. Johnny Green/PA/Getty Images Kate Moss and her then-boyfriend, the actor Johnny Depp, attend the Golden Globe Awards in 1995. Dave M. Benett/Getty Images Kate Moss and Jamie Hince pose with bridesmaids after getting married on July 1, 2011 in Southrop, England. Jewel Samad/AFP/Getty Images Moss arrives for a screening of the movie "Loving" at the 2016 Cannes Film Festival. Scroll through the gallery above to see some of the most memorable moment’s from Kate Moss’ life and career.
Persons: Kate Moss, Moss, it’s, , Corinne Day, Cindy Crawford, Naomi Campbell, Claudia Schiffer, Chanel, Calvin Klein, Johnny Green, Johnny Depp, Ron Davis, Pierre Verdy, Donatella Versace, De, UPPA, Zuma Moss, Pete Doherty, MJ Kim, Alexander McQueen's, Andy Paradise, Banksy, Andy Warhol's, Marilyn Monroe, Carl De Souza, Marc Jacobs, Patrick McMullan, Mario Testino, Kate Who, Dave M, Jamie Hince, bridesmaids, Neil Mockford, Stella Tennant, Lily Cole, Karen Elson, Jourdan Dunn, David Gandy, Jewel Samad, Antonin Thuillier, Stella McCartney, Chris Joseph, Louis Vuitton's, Peter White, Lila, Princess Eugenie of York, Jack Brooksbank, George's, Alastair Grant, Stephane De Sakutin, Amber Valletta, Daniele Venturelli, Amber Heard, Evelyn Hockstein, Jamie McCarthy, David Bailey, Kate, ” Moss, Jefferson Hack, Marc Quinn, Lucian Freud, Johnny Cash, Paul McCartney, Elton John Organizations: CNN, Vogue, Burberry, British Vogue, Getty, Globe, Glastonbury Music, Olympic, London, Louis, Milan, BBC, Forbes, Stripes Locations: British, South London, Croydon, London, Couture, Paris, AFP, Glastonbury, New York City, Southrop, England, St, Windsor , England, Fairfax, Fairfax , Virginia, Arizona, Egypt
Read previewDan Levy recently dropped a major bombshell after revealing he turned down a role in the blockbuster film "Barbie," which he called "a tough day." "Logistically could not make it work despite desperately trying to," Levy told the outlet. "I think Greta had such a like wonderfully bizarre and and magical aesthetic idea of of what that movie was," Levy told People. Although Robbie played the titular role, Amy Schumer and Anne Hatheway nearly played the beloved doll. Robbie told Vogue in May 2023 that she initially wanted Gal Gadot to play Barbie.
Persons: , Dan Levy, Levy, People's Jason Sheeler, Ryan Gosling, Simu Liu, Eugene Levy, Emma McIntyre, Margot Robbie, Barbie, Jaap Buitendijk, America Ferrera, Will Ferrell, Kate McKinnon, Issa Rae, Robbie, Greta Gerwig, Greta, Levy's, Amy Schumer, Anne Hatheway, Gal Gadot, Gadot Organizations: Service, Business, Warner Bros, Vogue, Netflix Locations: Levy
IOWA CITY, Iowa (AP) — Caitlin Clark had 30 points and 11 assists, and Molly Davis added 18 points as No. Iowa (17-1, 6-0 Big Ten) extended its winning streak to 14 games while snapping the 13-game winning streak of the Hoosiers (14-2, 5-1). Clark missed her first six 3-point attempts, but opened the second quarter with back-to-back 3-pointers to give Iowa a 25-19 lead. Clark picked up her second foul with 4:49 left in the second quarter with Iowa up 28-26, and sat for 2 1/2 minutes. BIG PICTUREIndiana: The Hoosiers didn’t arrive in Iowa City until Saturday morning because of the winter storm that shut down travel through most of Iowa.
Persons: — Caitlin Clark, Molly Davis, Clark, Davis, Marshall, Kate Martin, Mackenzie Holmes, Yarden Garzon, Sydney Parrish, ___ Organizations: IOWA CITY, Iowa, Big Ten, Indiana, Hoosiers, Hawkeyes, NEXT Indiana, Minnesota, Wisconsin, AP, womens Locations: IOWA CITY , Iowa, Iowa, Indiana, Iowa City, . Iowa
CNN —On Monday night, the British Fashion Council orchestrated its annual British Fashion Awards — a star-studded ceremony in London aimed at encouraging new, trailblazing designers, as well as honoring stalwarts of the industry. Across the red carpet, sequins, velvet and red tones conquered in what was a decidedly festive sartorial palette. Gareth Cattermole/Getty ImagesAnne Hathaway stunned onlookers in vintage Valentino. Gareth Cattermole/Getty ImagesRita Ora wore Primark, a nod to her latest collaboration with the high-street retailer. Gareth Cattermole/Getty ImagesPamela Anderson rocked the no makeup look once more, wearing a Gareth Cattermole/Getty Images Europe/Gareth Cattermole/Getty Images
Persons: Anne Hathaway, Gwnyeth Paltrow, Pamela Anderson, Taylor Russell, Paloma Elsesser, Kate Moss, Alexa Chung, Laura Whitmore, Sam Smith, Iris Law, Vivienne Westwood, Caroline Rush, Richard Quinn, Queen Elizabeth II, Neil Mockford, Loewe, Gareth Cattermole, Amal Clooney, Versace, Joe Maher, Dominic Lipinski, Lewis Hamilton, Wales Bonner, Getty, Michaela Coel, Suki Waterhouse, David Fielden, Valentino, Gwyneth Paltrow, Paltrow, Valentino Garavani, Giancarlo Giammetti, Gillian Anderson, Rita Ora, Isamaya Ffrench Organizations: CNN, British Fashion Council, Alexa, Getty Locations: London, British, LA, Europe
The look mirrored a see-through outfit her mom Kate Moss famously wore in 1993. AdvertisementLila Moss is the spitting image of her mother Kate Moss — and she's happy to be. Ian West - PA Images/Getty ImagesThe outfit also not-so-subtly referenced a dress famously worn by the 21-year-old's mother Kate. Kate Moss models for Donna Karan in New York City on April 2, 1993. Fairchild Archive/Getty ImagesRepresentatives for Kate Moss, Lila Moss, and Nensi Dojaka did not respond to a request for comment.
Persons: Lila Moss, Kate Moss, , Kate Moss —, — Lila, Nensi Dojaka, Ian West, Kate, Moss, Liza Bruce, Jimmy B, James Brown, Corinne Day, Dave Benett, Lila, it'd, It's, Mike Marsland, Donna Karan Organizations: Service, British Fashion Council, Elite Model Agency, Elite, British Vogue, Fairchild, Getty Locations: London, England, Albanian, Soho, British, New York City
LONDON, Dec 4 (Reuters) - Spanish luxury brand Loewe's creative director Jonathan Anderson won designer of the year at Britain's annual Fashion Awards on Monday, where industry leaders and young creative talent were honoured. Anderson, who founded the fashion label JW Anderson, arrived accompanied by actress Taylor Russell. Italian designer Valentino Garavani, known to the world simply as Valentino, was honoured with this year's outstanding achievement award. Stars attending the event also included actors Gwyneth Paltrow, Tessa Thompson and Pamela Anderson and model Kate Moss. The show is a fundraiser for the British Fashion Council (BFC) Foundation which focuses on supporting the growth and success of the UK's fashion industry.
Persons: Jonathan Anderson, Anne Hathaway, Lewis Hamilton, Amal Clooney, Anderson, JW Anderson, Taylor Russell, Valentino Garavani, Valentino, Paloma Elsesser, Edward Enninful, Maya Jama, Kojey, Sam Smith, Gwyneth Paltrow, Tessa Thompson, Pamela Anderson, Kate Moss, Hanna Rantala, Sonali Paul Organizations: London's Royal Albert Hall, British Vogue, British, Stars, British Fashion Council, BFC, Foundation, Thomson Locations: Italian
Tim Rogers, a sought-after New York hairstylist who fashioned gold-standard looks for a long list of notables, including Adele, Yoko Ono and Roger Federer, and commanded gold-standard prices to match, died on Nov. 3 at his home in Gaylordsville, Conn. His father, Ian Rogers, said the death came after a brief illness, which he did not specify. He worked with the renowned hairstylist Garren at his salon at the Henri Bendel department store on Fifth Avenue, and at the Sharon Dorram Color at Sally Hershberger salon on the Upper East Side, before partnering with Ms. Hershberger, another high-profile hairstylist, at a salon on West 26th Street in Manhattan in 2016. “Tim was able to sit with clients and determine exactly what would work best for their style,” Ms. Hershberger wrote in an email. “His overall style was very polished and classic and stylish, with a bit of playfulness — a prototypical British hairstylist, which was unique in New York.”Mr. Rogers became a fixture in the fashion world.
Persons: Tim Rogers, New York hairstylist, Adele, Yoko Ono, Roger Federer, Ian Rogers, Rogers, Garren, Henri Bendel, Sharon Dorram, Sally Hershberger, Hershberger, “ Tim, Ms, , ” Mr, Annie Leibovitz, Norman Jean Roy, Patrick Demarchelier, Kate Moss, Linda Evangelista, Diane Sawyer, Carey Mulligan, Mary, Kate, Ashley Olsen Organizations: New York, Vogue Locations: New, Gaylordsville, Conn, Britain, New York, Manhattan, British
Meanwhile, the book's Dutch translator told the Daily Mail there were names in the transcript she was given. "The names of the royals were there in black and white," Saskia Peeters told the Daily Mail. I just did what I was paid to do and that was translate the book from English into Dutch." Peeters also said she worked to translate the book into Dutch with fellow translator Nellie Keukellar-van Rijsbergen. "All of this is frustrating because it feeds into something that couldn't be further from the truth," Scobie said.
Persons: Xander, John Rainford, Xander's, Anke Roelen, Paul Thompson, Scobie's, Saskia Peeters, " Peeters, Nellie Keukellar, van Rijsbergen, Scobie –, Scobie, I've, Roelen, Peeters Organizations: Daily Mail, BBC Locations: Dutch
A new royal book claims there is a power struggle between King Charles and Prince William. Author Omid Scobie told BI that people are too distracted by Harry and Meghan to notice. Kate Middleton, Prince William, Prince Harry, and Meghan Markle wear mourning clothes at Windsor Castle. AdvertisementBuckingham Palace and Kensington Palace did not respond to requests for comment regarding Scobie's book. King Charles and Prince William at a coronation rehearsal.
Persons: King Charles and Prince William, Omid Scobie, Harry, Meghan, , It's, Prince Harry, Meghan Markle, Duke, Duchess, Sussex, Prince William, King Charles, Scobie, Carolyn Durand, Scobie's, Queen Elizabeth II's, Kate Middleton, Chris Jackson, Charles, William, Prince, Wales, Queen Camilla, Yoon Suk, Jack Royston, Rebecca English, Richard Fitzwilliams, Williams, Fitzwilliams, Anita Singh, you've Organizations: Service, Sunday Times, Getty Images, REUTERS, Newsweek, Daily, Daily Mail, The Telegraph Locations: California, Windsor, Buckingham, Kensington, South, Charles, Royston
CNN —In the 1980s and ’90s, Winona Ryder was a dark-haired waif against a sea of preppy blondes. Robert Rich Robert Rich Ryder and Rich would be seen out at restaurants, out shopping or at parties together. Robert Rich The book, published by IDEA Books, is filled t the brim with Polaroids snapped by Rich of Ryder. Robert Rich Rich never dated or labeled any of the Polaroids he took, and so the book is a back and forth journey through time. Robert Rich Unseen photographs shine a new light on 90s icon Winona Ryder Prev NextThere are no captions or timestamps for any of the images featured in “Winona,” mainly because Rich, by his own admission, failed to make detailed notes.
Persons: Winona Ryder, Ryder, , “ Bram Stoker’s, “ Edward Scissorhands ”, Marc Jacobs, Robert Rich, Marc Jacobs ’, ” Rich, Grace Jones, Kate Moss, Rich, Robert Rich “ I’ve, Polaroids, , Francesca Sorrenti, ’ ” Ryder, Robert Rich Robert Rich Ryder, Rich of Ryder, Robert Rich Rich, wasn’t, Winona ”, Johnny Depp, Joyce Byers Organizations: CNN, Mercer, IDEA, IDEA Books, Netflix Locations: Manhattan, Winona, SoHo, “ Winona
A man examines an AR-10 for sale at the Belle-Clair Fairgrounds & Expo Center Gun Show, after the state of Illinois passed its "assault weapons" ban into law, in Belleville, Illinois, U.S., January 14, 2023. The National Association for Gun Rights, Robert Bevis and his firearms store, Law Weapons & Supply, made the request after a lower court denied their bid for a preliminary injunction against the ban, as well as a similar ban enacted by another Chicago suburb, Naperville. The plaintiffs also asked the Supreme Court for an injunction at an earlier stage of the case, but were rebuffed in May. The Supreme Court, which has a 6-3 conservative majority, has taken an expansive view of the Second Amendment, broadening gun rights in three landmark rulings since 2008. In 2022, the court recognized a constitutional right to carry a handgun in public for self defense, striking down a New York state law.
Persons: Kate Munsch, Robert Bevis, Democratic Illinois Governor J.B, Pritzker, Bevis, Andrew Chung, Will Dunham Organizations: Belle, Clair Fairgrounds, REUTERS, Wednesday, U.S, Supreme, Democratic, National Association for Gun Rights, Weapons & Supply, Democratic Illinois Governor, AK, Circuit, Thomson Locations: Illinois, Belleville , Illinois, U.S, Highland Park, Chicago, Naperville, . Illinois, New York
CNN —Netflix’s “The Crown” returns in December with the remaining episodes of Season 6, and royal couple Kate Middleton and Prince William’s romance looks like it will be on full display. A grown-up Prince Harry, played by newcomer Luther Ford, is also seen in the new photos, sitting next to Prince William on a couch. (From left) Luther Ford as Prince Harry and Ed McVey as Prince William in 'The Crown.' Netflix previously teased the royal wedding of then-Prince Charles and Camilla would be featured in the sixth and final season of the series. The last six episodes of “The Crown” will be available to stream on Netflix on December 14.
Persons: , Kate Middleton, Prince William’s, Ed McVey, Meg Bellamy, Bellamy, Justin Downing, Prince William, Prince, Princess of Wales, McVey, Rufus Kampa, Princess Diana, paramour Dodi Fayed, Prince Harry, Luther Ford, Queen Elizabeth II’s, Imelda Staunton, Charles, Dominic West, Camilla, Olivia Williams, Prince Charles Organizations: CNN, Netflix, Eton Locations: The
AdvertisementIt's the day after Thanksgiving and Omid Scobie has been awake since 5 a.m. at his home in California. Scobie can relate to Meghan Markle's experiencesAfter a while, some British publications started referring to Scobie as Meghan and Harry's "mouthpiece" and "cheerleader," he wrote in the book. Despite having her own tormentors to deal with, Meghan reportedly called Scobie in the summer of 2018 to check if he was OK. AdvertisementRepresentatives for the royal family are yet to publicly comment on the book. Speaking to Oprah Winfrey in 2021, Prince Harry said the royals have an "invisible contract" with the tabloids, where they wine and dine certain reporters in exchange for better coverage.
Persons: Omid Scobie, Scobie, , Queen Elizabeth II's, Prince Harry, Meghan Markle, Prince William, Kate Middleton, Luke Fontana, Harry, Meghan, Meghan Markle's, It's, I've, Duchess, Doria Ragland, Sara Latham, Carolyn Durand, Duke, Duchess of, Harper Collins, King Charles, Prince William's, King Charles and Prince William, Chris Jackson, William, Rebecca English, Oprah Winfrey, you've, Anita Singh, Piers Morgan, Morgan, Queen Camilla Organizations: Service, ABC, Daily Mail, Mail, New York Times, Getty Images, REUTERS, Daily, Sun Locations: California, Harper's, London, British, Iranian, Sussex, Duchess of Sussex, Buckingham, Kensington
Despite the seeming rush to shop, this Black Friday ushered in moderately higher promotions over last year and mixed in-store traffic, according to some Wall Street analysts. Black Friday winners Value-focused shopping destinations seemed to win big Friday, based on annual store checks from a slew of Wall Street shops. The Black Friday shopping extravaganza also ushered in some bullish sentiment toward Shopify . Black Friday losers Not every popular retailer seemed to kick off the holiday shopping period on a strong note. While Lululemon drove strong in-store traffic, helped in part by advertising use in Black Friday markdowns, Nike and Under Armour both showed higher promotions, said Piper Sandler's Abbie Zvejnieks.
Persons: Michael Lasser, Bradley Thomas, Thomas, Kohl's, Morgan Stanley, Alex Straton, Goldman Sachs, Kate McShane, JPMorgan's Matthew Boss, Piper Sandler's Korinne Wolfmeyer, Morgan Stanley's Keith Weiss, Bhavin Shah, shouldn't, Nordstrom, Straton, Lululemon, Armour, Piper Sandler's Abbie Zvejnieks, lululemon Organizations: Adobe Analytics, UBS, Walmart, KeyBanc Capital, Dick's Sporting Goods, Body, Deutsche, Eagle Outfitters, Nike Locations: U.S
CNN —Swedish cross-country skier Calle Halfvarsson experienced an unusual but not unheard-of consequence of competing in icy temperatures in Finland at the weekend. After taking part in the 20-kilometer World Cup event in Ruka, Halfvarsson said that he had to take shelter in the warmth after sustaining a frozen penis. According to Reuters, temperatures dropped to a chilly five degrees Farenheit (-15 degrees Celsius) at the start of the race. For real,” Halfvarsson told Swedish outlet Expressen. Leindholm, like Halfvarsson, had also previously experienced a frozen penis while competing in Ruka.
Persons: Halfvarsson, ” Halfvarsson, it’s, Jan Thomas Jenssen, Michel Novák, Harald Østberg Amundsen, Finland’s Remi Leindholm, ” Prince Harry, Kate Middleton Organizations: CNN, Calle, Expressen, Ruka Locations: Swedish, Finland, Ruka, Czech, Beijing
Two and a half years ago, when I was asked to help write the most authoritative report on climate change in the United States, I hesitated. Did we really need another warning of the dire consequences of climate change in this country? The answer, legally, was yes: Congress mandates that the National Climate Assessment be updated every four years or so. But to me, the most surprising new finding in the Fifth National Climate Assessment is this: There has been genuine progress, too. I’m used to mind-boggling numbers, and there are many of them in this report.
Persons: I’m Organizations: United Nations, Renewables Locations: United States
The sign for a Gap store is seen on 5th avenue in midtown Manhattan in New York June 16, 2015. The company expects fourth-quarter net sales to be flat to slightly negative, compared with analysts' expectations for a 0.33% rise, according to LSEG data. Banana Republic and Athleta's sales fell 11% and 18% in the third quarter, while Old Navy, Gap's biggest brand, recorded a 1% decline. Its net sales of $3.78 billion - mainly aided by its Old Navy brand - beat Wall Street expectations of $3.60 billion. Gap reiterated that fiscal 2023 net sales would decline in the mid-single-digit range.
Persons: Brendan McDermid, Richard Dickson, Deborah Weinswig, Weinswig, Zachary Warring, Katrina O’Connell, Ananya Mariam Rajesh, Kate Masters, Devika Syamnath, Matthew Lewis Organizations: REUTERS, Old Navy, Walmart, Banana, Gap's, Republic, Navy, Banana Republic, Thomson Locations: Manhattan, New York, Bengaluru
CNN —The Osage Ballet overlooks a creek in Pawhuska, Oklahoma, on the Osage Indian reservation. The Osage Ballet hopes to continue to inspire a new generations of dancers in her honor. But Tallchief refused and insisted on dancing as Maria Tallchief, keeping her Osage name, according to a biography of the ballerina by the School of American Ballet. Ballerina Maria Tallchief WATFORD/Mirrorpix/Getty ImagesElise Paschen, Tallchief’s daughter and a poet, told CNN her mother took great pride in her heritage. Smith said she hopes the Osage Ballet will continue Tallchief’s pioneering legacy of dance and Native American representation in ballet.
Persons: Elizabeth Marie Tallchief, Randy Tinker Smith, she’s, “ I’ve, ” Smith, America’s, Tallchief, Maria Tallchief, Ballerina Maria Tallchief, Elise Paschen, ” Paschen, ” Kate Mattingly, ” Mattingly, Mattingly, Tallcheif, George Balanchine, Balanchine, John Martin, , “ Balanchine, Paschen, , ” Tallchief, Princess Wa, Smith, ballerinas, Maria Organizations: CNN, Osage Ballet, Osage, New, School of American Ballet, Ballerina Maria Tallchief WATFORD, Old Dominion University, New York City Ballet, Firebird, The New York Times, Lyric Opera of Chicago, Ballet Locations: Pawhuska , Oklahoma, Fairfax , Oklahoma, Osage, Beverly Hills, Carlo, Oklahoma, United States, Europe, Swan Lake, An
3 Iowa pulled away late from eighth-ranked Virginia Tech en route to an 80-76 victory Thursday night in a neutral site game. Virginia Tech would battle back to cut the lead to 62-60 on back-to-back 3s from Matilda Ekh and Cayla King. Virginia Tech wouldn't give up as Amoore knocked down a 3 from the corner to cut the lead to four with 1:12 remaining. Virginia Tech: The Hokies, led by Amoore, showed a ton of fight but just couldn't contain Clark. Virginia Tech: Host Houston Baptist on Nov. 16.
Persons: CHARLOTTE, — Caitlin Clark, Clark, Hannah Stuelke, Sydney Affolter, Georgia Amoore, Elizabeth Kitley, Amoore, Matilda Ekh, Kate Martin, Sharon Goodman, ___ Organizations: Iowa, Virginia Tech, Associated Press, Michigan, Sydney, Hawkeyes, Hokies, ACC, NCAA, LSU, Tigers, . Virginia Tech, Host Houston Baptist, AP, womens Locations: N.C, Georgia, Iowa, Stuelke, Clark, UP, Northern Iowa
WeWork had office space available at 777 locations worldwide as of the end of June. In a filing with the New Jersey bankruptcy court, WeWork listed assets of $15.06 billion and liabilities of $18.66 billion as of June 30. Under its founder Adam Neumann, WeWork grew to be the most valuable U.S. startup worth $47 billion. WeWork engaged in debt restructurings, yet this was not enough to stave off its bankruptcy. Shortly before WeWork filed for bankruptcy, Neumann said in a statement, "I believe that, with the right strategy and team, a reorganization will enable WeWork to emerge successfully."
Persons: WeWork, SoftBank, Cadwalader, Taft, Kate Munsch, Adam Neumann, Sandeep Mathrani, Mathrani, David Tolley, Neumann, Greg Roumeliotis, Mrinmay Dey, Arun Koyyur, Rashmi Aich, Jamie Freed, Edmund Klamann Organizations: SoftBank, New, REUTERS, JPMorgan Chase, Intelsat, Thomson Locations: Canada, New Jersey, Wickersham, San Francisco , California, U.S, WeWork, SoftBank, Tokyo, New York, Bengaluru
Profitability has remained elusive, as WeWork grapples with its expensive leases and corporate clients cancelling because some employees work from home. In a filing with the New Jersey bankruptcy court, WeWork listed estimated assets and liabilities in the range of $10 billon to $50 billion. Under its founder Adam Neumann, WeWork grew to be the most valuable U.S. startup worth $47 billion. WeWork engaged in debt restructurings, yet this was not enough to stave off its bankruptcy. Shortly before WeWork filed for bankruptcy, Neumann said in a statement, "I believe that, with the right strategy and team, a reorganization will enable WeWork to emerge successfully."
Persons: Kate Munsch, WeWork, Cadwalader, Taft, Adam Neumann, SoftBank, Sandeep Mathrani, Mathrani, David Tolley, Neumann, Greg Roumeliotis, Mrinmay Dey, Arun Koyyur Organizations: REUTERS, SoftBank, New, JPMorgan Chase, Intelsat, Thomson Locations: San Francisco , California, U.S, Canada, New Jersey, Wickersham, WeWork, New York, Bengaluru
Backed by Japan's SoftBank, WeWork aimed to revolutionise the office market by taking long leases on large properties and renting the space to multiple smaller businesses on more flexible, shorter arrangements. Some leveraged property investors could struggle to earn enough rental income to service rising debt costs, they said. The number and volume of real estate loans due for refinancing in 2024 is unclear because many deals are struck privately between borrower and lender, Ed Daubeney, co-head, debt and structured finance, EMEA, at real estate services firm Jones Lang LaSalle, told Reuters. U.S. industrial and office real estate investment trusts (REITs) were seen 35.8% more likely to default, versus expectations a year ago. "We're at a massive turning point in the real estate investment market globally," Jose Pellicer, head of real estate strategy at M&G Real Estate, said.
Persons: Kate Munsch, Japan's SoftBank, WeWork, Jeffrey Havsy, Ed Daubeney, Jones Lang LaSalle, Savills, refinancings, What's, MSCI, Jefferies, Jose Pellicer, Sinead Cruise, Elisa Martinuzzi, Mark Potter Organizations: REUTERS, Media, Real Estate, Reuters, Analysts, Europe, Flex, BNP, G, Thomson Locations: San Francisco , California, U.S, York, New York, London, United States, Europe, Britain, Germany, California
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