| Wall Street English | |
| Industry: | Education |
| Foundation: | September 1972 |
| Area Served: | Worldwide |
| Location: | Hong Kong |
| Owner: | Baring Private Equity Asia and Citic Capital |
| Homepage: | www.wallstreetenglish.com |
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 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).[6] Wall Street English has centers in: Algeria, Argentina, Chile, Colombia, Czech Republic, Ecuador, France, Hong Kong SAR, Indonesia, Israel, Italy, Kazakhstan, Malaysia, Mexico, Morocco, Myanmar, Peru, Portugal, Russia, Saudi Arabia, South Korea, Spain, Switzerland, Thailand, Tunisia, Turkey, Venezuela, Cambodia and Vietnam.[7]
Its international office is located in Barcelona, Spain.[8] Previously its headquarters was in Baltimore.[9]
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.[13]
It operated more than 70 centers in China. China was the biggest market for Wall Street English.[14] In August 2021, the company announced the bankruptcy of its Chinese subsidiary.[15] [16] [17] [18] [19]
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.[20] Their program includes an English-only environment in their centers, highly qualified 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,[21] 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.