Awfis expands into furniture biz to tap new revenue stream, cut costs

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Co-working solutions provider Awfis has entered the business of manufacturing and selling furniture, marking a notable diversification from its core co-working space operations. 

This move follows shareholder approval for amending the company’s Memorandum of Association to include this new line of business.

The company said the expansion is aimed at reducing costs associated with setting up and furnishing its coworking centres through vertical integration. By manufacturing and…



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Awfis expands into furniture biz to tap new revenue stream, cut costs


Co-working solutions provider Awfis has entered the business of manufacturing and selling furniture, marking a notable diversification from its core co-working space operations. 

This move follows shareholder approval for amending the company’s Memorandum of Association to include this new line of business.

The company said the expansion is aimed at reducing costs associated with setting up and furnishing its coworking centres through vertical integration. By manufacturing and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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