Re:WeWork’s Back Is Against a Wall
by jdross on Tuesday September 17, 2019 @02:56PM
(#20998845)
The latter. They invest heavily in FF&E and the landlord gets to keep the improvements no matter what
[ Parent
| on HN ]
Re:WeWork’s Back Is Against a Wall
by Glibaudio on Wednesday September 18, 2019 @01:56AM
(#21002698)
We will have to leave the glass walls and wood floors, but the other stuff should be movable and liquidated to help We's balance sheet.
"FF&E are movable furniture, fixtures, or other equipment that have no permanent connection to the structure of a building or utilities. These items depreciate substantially but definitely are important costs to consider when valuing a company, especially in liquidation."
https://en.wikipedia.org/wiki/Furniture,_fixtures_and_equipm...