• Triton

WeWork's losses accelerating in Europe

In an article for the Financial Times, Judith Evans reported on financial documents filed with London’s Companies House that show that one of WeWork's subsidiaries operating in London, decribed as "WeWork International Limited, which handles intracompany costs and some UK revenues" had seen its losses increase from £7.6 million in 2017 to £75.9 million in 2018. In recapping the ills of WeWork ahead of its scrapped IPO, Evans also says, "The profitability of WeWork’s individual sites is a vexed question. Rett Wallace, founder of the analysis firm Triton Research, has accused the company of failing to divulge the unit economics of its office locations in pre-IPO documents filed in August." Link to full article in the Financial Times - HERE