The Wing in Washington, D.C. Photo: The Washington Post/The Washington Post via Getty Images The Wing, a women’s co-working space dedicated to millennial aesthetics, has reportedly been salvaged from rumored potential bankruptcy by a new investor: IWG, a Switzerland-based company that specializes in flexible workspace and now owns a majority stake in the “women’s utopia.
Lately, though, The Wing has had trouble. In June, its founding CEO, Audrey Gelman, stepped down after just over three years running the business. At the time, Gelman deemed her departure “the best way to bring The Wing along into a long overdue era of change,” and it followed a rocky couple of months.
In March, the New York Times ran a report outlining the allegedly exploitative and “toxic” work environment The Wing created for its employees, which workers said did not mirror the intersectional-feminist values the brand projected. Also in March, a global pandemic forced The Wing to close all its co-working spaces and suspend membership dues.
By October, “Page Six” reported that The Wing was considering filing for bankruptcy — a claim the company itself refuted. Now, it has “partnered” with IWG in what a Wing spokesperson told Bloomberg was an “an exciting opportunity to expand our spaces and network designed for women during a time of increasing demand for alternative work environments in the midst of the pandemic and shifting workplace norms.
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