- Cash-strapped WeWork pulled more than $60 million from its UK subsidiary and lumped it with close to $240 million in extra debt in 2018.
- WeWork International Limited grew revenue by 90% last year, but payments to its parent company for intellectual property and other support services fueled a tenfold surge in pre-tax losses to £76 million.
- The UK company’s wage and salary costs soared 150%, and its interest payments jumped sixfold due to the increased debt.
- of Business Insider’s WeWork coverage here.
WeWork pulled more than $60 million out of its UK subsidiary and lumped it with close to $240 million in extra read more >>>