Unilever scraps plan to relocate headquarters
Consumer goods giant Unilever says it’s dropping plans to move its headquarters from London to the Netherlands.
The company announced in March it would stop having two bases in London and Rotterdam, and move all its HQ operations to the Dutch city.
But investors said the move could force UK shareholders to dispose of their shares and cause a slump in the firm’s value.
“The board will now consider its next steps and will continue to engage with our shareholders,” chairman Marijn Dekkers said.
Unilever decided to collapse its Anglo-Dutch structure following a business review sparked by last year’s failed takeover approach by Kraft-Heinz.
The aim was to make it more efficient and agile in a consumer market that is changing fast.