Unilever leaves London base for headquarters in Rotterdam
London
UNILEVER is consolidating its headquarters in the Netherlands, abandoning a separate London base in a blow to Prime Minister Theresa May's effort to maintain investment in the UK after it leaves the European Union.
The maker of quintessentially British brands such as Marmite spread and Lipton tea is streamlining the dual nationality that it has maintained for nearly a century. Unilever said that the move will ease mergers and acquisitions (M&A), which have become a priority for slow-growing consumer-goods giants as predators take aim.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses
Exxon misses on Q1 profit despite big gains in Guyana
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
Chevron's quarterly profit beats estimates
EU toughens rules on Chinese fashion retailer Shein