WeWork Woes Will Hit London Startups Hardest
WeWork International, which collects fees from WeWork UK spaces, owes nearly three quarters of a billion pounds to its parent company.
Source: startups.co.uk
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Coworking space provider WeWork India raises $66m from BPEA Credit
The financing will help WeWork India fuel its growth and acquisition opportunities.
Source: dealstreetasia.com
WeWork India Bags INR 550 Cr Funding From BPEA Credit
Coworking startup WeWork India will use the fresh funding to achieve growth and consolidate business opportunities
Source: inc42.com
WeWork to take drastic action to survive Covid crisis after rapid expansion
Last modified on Wed 6 Jan 2021 18.34 EST The office-sharing company WeWork has outlined drastic steps to survive the pandemic, after aggressive expansion left it with acres of expensive office space just as demand for communal working dived. Accounts filed at Companies House show that the UK subsidiary, WeWork International, racked up losses of £234m in 2019, after signing a flurry of new leases for buildings. They committed the company to making billions of pounds in future lease payments to commercial property landlords, but thanks to the coronavirus outbreak, income from the freelancers ...
Source: theguardian.com