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Unilever's Problem With London Goes Way Beyond Brexit: Gadfly

Published on Feb 22 2018 2:00 PM in A-Brands tagged: Unilever / Paul Polman / Brexit / Paywall

Unilever's Problem With London Goes Way Beyond Brexit: Gadfly

If Unilever picks Rotterdam over London as its new headquarters, Britain will need to ask itself why. One reason might be that the UK's corporate culture puts shareholders first - and this money-grabbing ethos is behind the times.

Theresa May's government is braced for the Anglo-Dutch consumer group to leave London, the Financial Times reported on Wednesday.

Unilever started reviewing its dual-headed structure after Kraft Heinz Company's failed $143 billion takeover approach a year ago. Switching to a single jurisdiction was part of its strategic rethink designed to curry favour with shareholders.

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