Rebekah Neumann—the wife of WeWork co-founder Adam Neumann—bought back WeGrow, WeWork’s defunct $42,000-a-year school, with plans to relaunch by DavidJeans2
The Neumanns saw the school, which launched in 2017 with tuition ranging from $22,000 to $42,000 a year, as an integral way for WeWork to further its mission at the time of “elevating the world’s consciousness.” But the project was also seen as a potential distraction to the ambitious co-working company, even as it raised billions for global expansion.
Those grand designs came crashing down when public market investors balked at WeWork’s $47 billion valuation and shunned its IPO. Seeking to avoid bankruptcy and total disaster, WeWork announced it would sell off or shutter businesses not considered crucial to its core offering of flexible office space in October. In a move that surprised enrolled families, WeWork shuttered WeGrow.
In the initial aftermath of Adam Neumann’s ouster as CEO of WeWork, the Neumann family decamped to his native Israel to avoid the intense scrutiny of New York and its media scene. They returned to the Hamptons, where they own multiple properties, in May, according to those close to the family. A group of 30 parents whose children attended WeGrow had been lobbying for WeWork to keep the school open for months, and learned upon the Neumanns’ return to New York of Rebekah’s intent to re-launch the school. One of those parents, Autumn Berrang, says she has been volunteering with Rebekah in an unofficial capacity.
She believes she is among many parents who want to “create children who are not just memorizing multiplication tables and facts and figures, but are critical thinkers and are out to do something different and help the world.”Follow me on
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
You Don't Need a Student ID to Access This Secret MacBook DealBeat the back to school rush and get Apple’s lightest laptop at its lowest price yet
Read more »
Ontario's school reopening plan ignores a glaringly obvious problem“Our government is essentially telling all the parents who are already at the very end of their ropes that the past three months have been fine.”
Read more »
Blackstone Buying Big Stake In Three Los Angeles Studios, Owners Planning To ExpandInvestment group Blackstone is buying a big minority stake in three Hollywood studios — Sunset Bronson, Sunset Gower and Sunset Las Palmas Studios — with 35 sound stages (1.2 million sq…
Read more »
Coleen Rooney 'is willing to spend millions on Rebekah Vardy court case'It's claimed Coleen Rooney isn't prepared to back down any time soon unless Becky Vardy gives in amid WAG war over leaking stories
Read more »
Hoping to rebound from coronavirus, UK PM Johnson sets out school building planPrime Minister Boris Johnson will set out plans for a 10-year rebuilding programme for schools in England on Monday, part of government efforts to help Britain 'bounce back' from the coronavirus crisis.
Read more »
Laura Hamilton admits she was 'mum-shamed' for sending her kids back to schoolEXCLUSIVE : The A Place In The Sun star, 38, confessed she got disapproving messages from other parents after sending her two kids back to the classroom
Read more »