Consumer goods giant Unilever, maker of Marmite, Pot Noodle and Ben & Jerry’s ice cream, has chosen Rotterdam over London for its headquarters.
It would also be reorganising its business into three divisions: beauty and personal care, home care, and foods and refreshment.
The first two divisions will have their headquarters in London, while the third will continue to be based in Rotterdam.
The company employs 7,300 people in the UK and 3,100 in the Netherlands. No jobs will be lost by the move.
Since 1930 Unilever has operated with two parent companies – a British PLC headquartered in London and a Dutch NV based in Rotterdam.
Although run as one company, the distinct legal entities have different shareholders, separate stock listings and annual meetings and are subject to different laws and corporate governance requirements.
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