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May 1, 2018
By: TOM BRANNA
UNITED KINGDOM: Unilever has announced that as part of its transformation into “simpler, more agile and more focused business,” the firm is creating three business divisions and moving its corporate headquarters to The Netherlands. The headquarters of the Beauty & Personal Care Division and the Home Care Division will be located in London, a move that the firm said “secures nearly £1 billion per year of continued spend in the UK, including a significant commitment to R&D.” The headquarters for Unilever’s food unit will remain in Rotterdam, according to the company. Unilever also intends to simplify from two legal entities, N.V. and PLC, into a single legal entity incorporated in the Netherlands. The proposed simplification will provide greater flexibility for strategic portfolio change and help drive long-term performance.
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