Unilever, one of the UK’s best known corporate giants, has announced it will be consolidating its legal headquarters in Rotterdam, dealing a sharp blow to Britain’s status as a European business hub ahead of Brexit.
The consumer goods giant, which is the UK’s third largest company and has up until now been based in both the UK and the Netherlands, says that it was shaking up its corporate structure. Under the changes it will operate three divisions. Its beauty and personal care division, as well as its home care division, will be based in London, while its food and refreshment division will be based in Rotterdam.