Subject category:
Entrepreneurship
Published by:
Harvard Business Publishing
Version: 19 June 2023
Length: 22 pages
Data source: Published sources
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Abstract
Based in New York, Convene was founded in 2009 by Ryan Simonetti and Chris Kelly. Convene was founded on the question: 'What if you ran an office building like a hotel?' The company offered a premium corporate events and workspace product. Convene initially took a measured approach to growth, but in 2018, company leadership accelerated that growth. 2019 was a record year from a revenue perspective. However, the pandemic forced Convene to close all of its locations and reduce staff and operating expenses. In April 2022, Hudson's Bay Company (HBC) announced that it was taking a majority stake in Convene, marking the beginning of yet another chapter for the company.
Spanish language
Subject category:
Entrepreneurship
Published by:
Harvard Business Publishing
Version: 19 June 2023
Length: 24 pages
Data source: Published sources
About
Abstract
Based in New York, Convene was founded in 2009 by Ryan Simonetti and Chris Kelly. Convene was founded on the question: 'What if you ran an office building like a hotel?' The company offered a premium corporate events and workspace product. Convene initially took a measured approach to growth, but in 2018, company leadership accelerated that growth. 2019 was a record year from a revenue perspective. However, the pandemic forced Convene to close all of its locations and reduce staff and operating expenses. In April 2022, Hudson's Bay Company (HBC) announced that it was taking a majority stake in Convene, marking the beginning of yet another chapter for the company.
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Subject category:
Entrepreneurship
Published by:
Harvard Business Publishing
Version: 19 June 2023
Length: 24 pages
Data source: Published sources