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.