WeWork’s European expansion continues amid mixed success, at least according to the books. The co-working company’s losses in Europe tripled in 2017, according to the Financial Times. The reasons appear to stem from costs related to staffing–which tripled– infrastructure and rent. The latter of which both rose 60 percent and 53 percent respectively, and are tied to the acquisition and fit-out of new spaces across the continent. In the same time period, however, revenues in […]
source https://therealdeal.com/2018/10/07/why-weworks-losses-in-europe-tripled-last-year/
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