Wall Street English

Wall Street English (formerly Wall Street Institute) is an international English language learning academy[1] for children and adults around the world.[2] Wall Street English was established in 1972 in Italy by Italian Luigi Tiziano Peccenini.[3] The company has over 3 million alumni with a current enrolment of 180,000 students.[4] Using a franchise model, they currently operate over 450 centers in 28 countries in North Africa, East Asia, Southeast Asia, Europe, Latin America, and the Middle East.[5] Its international offices are in Hong Kong and in Barcelona, Spain.

Wall Street English
IndustryEducation
FoundedSeptember 1972
HeadquartersHong Kong
Area served
Worldwide
OwnerBaring Private Equity Asia and Citic Capital
Websitewww.wallstreetenglish.com

In 2013, Wall Street Institute launched a company-wide rebranding, changing its name and identity. The company now operates as Wall Street English.[6]

The Wall Street English program is designed for all levels of learners. They have 20 different levels of English language courses ranging from beginner to advanced.[7] Their program includes an English-only environment in their centers, native English-speaking teachers, social activities that allow students to practice English in a social, non-threatening environment, and a global online student community.

The Wall Street English Blended Learning Method,[8] created by Luigi Tiziano Peccenini and Luciano Biondo, combines different education methods of acquiring a language into one study cycle. The Blended Learning Method includes self-study, small teacher-led classes, and practice time. Students listen, read, write, speak, and practice English to gain a deep understanding of the language.

Wall Street English has been teaching English since 1972. Their curriculum is aligned to the Common European Framework of Reference for Languages (CEFR), according to a study undertaken with the support of the University of Cambridge English for Speakers of Other Languages Examination group (ESOL).[9]

History

The first Wall Street Institute centers opened in Italy in 1972, and within two years 24 new centers opened across Italy. In 1983, Wall Street Institute expanded outside of Italy, and by the late 1980s Wall Street Institute was well established across Europe. Expansion continued through the early 1990s, when centers were opened in Mexico, Chile, and Venezuela. Beginning in the late 1990s, Wall Street Institute expanded into the Middle East and then to Asia, which has grown to be a significant part of its business.

In 1997, Wall Street Institute was purchased by Sylvan Learning Systems. In 2005, Wall Street Institute was acquired by the global private equity firm The Carlyle Group.[10] Wall Street English was acquired by Pearson plc from an affiliate of The Carlyle Group and Citic Private Equity for $92 million in cash in 2010.[11] In 2017 Pearson sold it to Baring Private Equity Asia and CITIC Capital for around $300 million.[12]

In 2013, the company launched a rebranding and introduced a new logo and united under one global name: Wall Street English.

It operated more than 70 centers in China. China was the biggest market for Wall Street English.[13] In August 2021, the company announced the bankruptcy of its Chinese subsidiary.[14][15][16][17][18]

Corporate affairs

The Wall Street English international office is located in Barcelona, Spain.[19]

Previously its headquarters was in Baltimore.[20]

By country and region

Wall Street English has centers in: Algeria, Argentina, Chile, Colombia, Czech Republic, Ecuador, France, Hong Kong SAR, Indonesia, Israel, Italy, Malaysia, Mexico, Morocco, Myanmar, Peru, Portugal, Russia, Saudi Arabia, South Korea, Spain, Switzerland, Thailand, Tunisia, Turkey, Venezuela, Cambodia and Vietnam.[21]

Argentina

There are 7 Wall Street English centers in Buenos Aires and 2 in Buenos Aires Province.

Chile

In Chile, Wall Street English operates 13 centers. From La Serena, down through Puerto Montt.[22]

Colombia

Wall Street English in Colombia has 16 centers: 12 in Bogotá, 2 in Medellín, and one each in Barranquilla and Bucaramanga.[23]

Czech Republic

Wall Street English has one center in Prague, Czech Republic.[24]

Ecuador

Wall Street English has had centers in Ecuador since 1999. The current 9 centers include: Ambato, Azogues, Cuenca, Guayaquil, Ibarra, La Prensa, Loja, Los Chillos, Orellana, Santo Domingo, Tumbaco, and Villaflora.[25]

France

Wall Street English operates 50 centers in France, of which 5 are located in Paris. In January 2018, the biggest French center ranked number one in the world in terms of sales[26]

Germany

There were 24 Wall Street English centers in Germany until 2016. Four of which are in Berlin, three in Munich, and the rest in Bonn, Bremen, Dortmund, Düsseldorf, Essen, Frankfurt, Hamburg, Hanover, Karlsruhe, Cologne, Leipzig, Mannheim, Nuremberg, Stuttgart, and Wiesbaden.[27]

Wall Street English announced on 6 April 2016 that it would be closing operations in Germany on a permanent basis.[28]

Hong Kong

Wall Street English currently has 7 educational centers in Hong Kong: in Causeway Bay, Jordan, Tsuen Wan, Kwun Tong, Shatin, Yuen Long and Tseung Kwan O. All centers have been registered with the Education Bureau of Hong Kong.[29]

Indonesia

In Indonesia, Wall Street English has centers in Jakarta at Pacific Place, Mall Kelapa Gading, Gandaria City Mall, Kota Kasablanka. In Tangerang at Living World. In Bandung in a stand-alone center: Wall Street English Dago. And in Surabaya at Pakuwon Mall.[30] In 2020, Wall Street English Indonesia launched its 100% online membership.[31]

Israel

In Israel there is 1 center in Tel Aviv and Online.[32]

Italy

Wall Street English was first established in Italy, where there are currently 95 centers.[33]

Malaysia

The Wall Street English center in Malaysia is situated in the commercial center of Kuala Lumpur and there are 4 centers nationwide.[34]

Mongolia

Wall Street English has two centers located in Ulaanbaatar.

Morocco

Wall Street English has one center located in Casablanca.[35]

Mexico

Wall Street English has 2 centers in Mexico City.[36]

Myanmar

Wall Street English opened its first center at the Junction Square Shopping Centre in Yangon, Myanmar in February 2017. A second center was subsequently opened in December 2017 at City Mall @ St. John in Yangon. A third center was opened at Myanmar Plaza, also in Yangon, in August 2018.

Peru

Wall Street English has two centers in Lima.[37]

Portugal

Wall Street English has 35 centers across Portugal.[38]

Russia

Wall Street English has zero centers in Moscow. Previous centers are permanently closed.[39]

Saudi Arabia

Wall Street English has 25[40] centers in Saudi Arabia: in Jeddah, Riyadh, Qatif, Khobar, Medina, Jazan, Abha, Ta'if, Jazan, Makkah, Najran, Khamees Mesheet, and Buraydah Tabuk.[41]

South Korea
See also: Hagwon

Wall Street English has 9 centers in South Korea: in Seoul (Samseong, Jongno, Shinchon, Gangnam, Yeouido), Gyeonggi Province (Bundang, Ilsan), Daegu, and Busan.[42]

Spain

There are four Wall Street English center in Spain. They are located in Barcelona, Cartagena, Valencia and Terrassa.[43]

Switzerland

There are 8 Wall Street English centers in Switzerland: Biel/Bienne, Fribourg/Freiburg, Geneva, La Chaux-de-Fonds, Lausanne, Lugano, Montreux and Neuchâtel.[44]

Thailand

In Thailand, Wall Street English first opened in Silom in Bangkok, in July 2003. Centers in Sukhumvit, Lad Prao, Siam, and Pinklao followed. In 2008, the Sukhumvit branch was moved to Seacon Square. In January 2011, Fashion Island Branch opened, and in March 2011, Future Park Rangsit branch opened. In 2012, new centers opened in Mega Bangna and Central World. There are also 8 Corporate centers located inside the offices of large companies, such as TOT, KPMG, and SCB.[45]

Tunisia

There are 4 centers in Tunis: El Menzah 6, Lac 1, Ghazela, Megrine .[46]

Turkey

There are 16 centers in Turkey: six in Istanbul (at Bakırköy, Caddebostan, Şişli, Erenköy, Taksim and Beylikdüzü). There are three centers in Ankara (Kızılay, Çayyolu and Ostim), İzmit, Bursa, Eskişehir, Izmir, Antalya, Gaziantep, and Konya.[47]

Venezuela

There are 5 centers in Venezuela.[48]

Vietnam

There are seven Wall Street English centers operating in Vietnam—presently only in Ho Chi Minh City. These centers are located in District 3, District 2, Tan Binh District, District 5, District 7, Go Vap District, with the most recent addition being BBD Binh Duong Center in Binh Duong Province, Thu Dau Mot City.[49] In 2020, Wall Street English Vietnam was acquired by Asia Strategic Holdings. This had a significant impact on WSE Vietnam and has resulted in many personnel and organizational changes.

References
  1. "Wall Street Institute Gathers Experts in English Language Learning for Inaugural Educational Advisory Board Meeting". Sun Herald. 14 October 2008.
  2. "Wall Street Institute Showcases Unique English Language Instruction Method". REUTERS. 30 January 2008. Archived from the original on 6 November 2008.
  3. Boyle, Matthew (23 August 2007). "WSI looks to China for profits". FORTUNE.
  4. "About Us". Retrieved 20 February 2019.
  5. "Wall Street English". Wall Street English.
  6. "Home". changingfutures.com.
  7. http://www.wallstreetinstitute.com/students/overview.aspx
  8. "Your Journey Begins with our Blended Learning Method". Wall Street English. 1 October 2014.
  9. "Wall Street Institute First To Put English Language Curriculum To The Test".
  10. aboutWSI
  11. "Pearson to acquire Wall Street Institute: acquisition extends Pearson's position as world leader in English language teaching".
  12. "Struggling Pearson sells Wall Street English to Baring Private Equity Asia and CITIC Capital, bringing in "paltry" $100m | City A.M." Archived from the original on 18 January 2018. Retrieved 17 January 2018.
  13. "Wall Street English – China".
  14. 新浪财经综合 (14 August 2021). "人去楼空！华尔街英语传破产，京穗两地涉金额超5600万，半年前疯狂营销圈钱". finance.sina.com.cn. Retrieved 3 January 2023.
  15. "华尔街英语将破产 超六千学员登记维权逾4.8亿 7月仍售课". www.bjnews.com.cn. Retrieved 3 January 2023.
  16. "Wall street english reportedly facing bankruptcy in china". Moneymakers Mentor. 24 August 2021. Archived from the original on 27 August 2021. Retrieved 8 March 2023.
  17. Mina Yan (13 August 2021). "Wall Street English To Declare Bankruptcy". Beijing-Kids. Archived from the original on 27 August 2021. Retrieved 8 March 2023.
  18. Lv Qian (13 August 2021). "Wall Street English's China Arm Goes Bust as New Ban on Extra Classes Proves to Be Last Straw". YiCai Global. Retrieved 8 March 2023.
  19. "Contact Us". Wall Street English. Retrieved 10 August 2021. C/Tuset 20-24, 5th Floor, 08006 Barcelona, Spain
  20. "Contact Us". Wall Street English. 19 March 2015. Archived from the original on 19 March 2015. Retrieved 10 August 2021.
  21. "Wall Street English Global".
  22. "Wall Street English – Chile".
  23. "Wall Street English – Colombia".
  24. "Wall Street English – Czech Republic".
  25. "Wall Street English – Ecuador".
  26. "Wall Street English – France".
  27. "Wall Street English – Germany".
  28. "Wall Street English – Germany". Archived from the original on 18 April 2016. Retrieved 6 April 2016.
  29. "Wall Street English – Hong Kong".
  30. "Wall Street English Indonesia Hadir di Kota Bandung".
  31. "Wall Street English (WSE) Berkembang Pesat di Era New Normal". 28 October 2020.
  32. "Wall Street English – Israel".
  33. "Wall Street English – Italy".
  34. "Wall Street English – Malaysia".
  35. "Wall Street English – Morocco".
  36. "Wall Street English – Mexico".
  37. "Wall Street English – Peru".
  38. "Wall Street English – Portugal".
  39. "Wall Street English – Russia".
  40. "Wallstreetenglish.me".
  41. "Wall Street English – Saudi Arabia".
  42. "Wall Street English – South Korea".
  43. "Wall Street English – Spain".
  44. "Wall Street English – Switzerland".
  45. "Wall Street English – Thailand".
  46. "Wall Street English – Tunisia".
  47. "Wall Street English – Turkey".
  48. "Wall Street English – Venezuela".
  49. "Wall Street English – Vietnam".
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