Our Magazine
Brussels Morning Online Newspaper
Wednesday, April 14, 2021
No Result
View All Result
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Europe With Transparency
    • Sustainable Perspective
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Online Newspaper
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Europe With Transparency
    • Sustainable Perspective
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Online Newspaper
No Result
View All Result
Home Economy

Unilever to set up HQ in London, scrapping its Dutch base

Nikola Kiš by Nikola Kiš
10 September 2020
in Economy, Features
Unilever to set up HQ in London, scrapping its Dutch base
Share on FacebookShare on Twitter

Unilever expects its shareholders to support plans to unify the company’s headquarters in London and to scrap its base in the Netherlands, Reuters reports. CEO Alan Jope said on Tuesday that the board is fully committed to the decision to unify company headquarters in London and that he expects firm shareholder support.

Jope said he believed that the proposed law on exit tax in the Netherlands is illegal and in violation of EU law. According to regulations proposed in the Netherlands by the opposition Green Leaf party, Unilever’s move would result in a tax bill of some 11 billion euros to the Dutch Government.

Speaking at a virtual conference hosted by Barclays, Jope noted that while the proposed law is in its infancy, Unilever is not going to speculate on possible outcomes. However, he did stress that it would not be in the shareholders’ best interest for the company to pay the potential 11-billion euro tax bill. He did believe that logic and common sense will prevail in the end.

Unilever has announced that it will be hosting meetings in Rotterdam and London on September 21 and October 12, respectively, so that shareholders can vote on the plan.

Commenting on current macroeconomic trends, Jope allowed that global economic decline is inevitable, but how deep the decline will be or how different countries will be affected remains unclear at this juncture. 

Jope said that Unilever should continue delivering annual cost savings, growing its revenues and increasing its margins, but warned that the margin growth may not be as rapid as it was in previous years. He concluded that Unilever’s North American business remains strong, largely driven by hygiene and food products as well as market share gains online.

SOURCE

Tweets by Unilever
Tweets by alanjope

Subscribe to Our Newsletter

Tags: BarclaysLondon.Netherlands
Nikola Kiš

Nikola Kiš

Nikola is Brussels Morning political affairs reporter, covering Germany, France, and Italy. Based in Zagreb, he is a translator with 18 years of experience reporting on political and business affairs.

Latest post

Now the Digital Markets Act is here, could this be what tames big tech?

Now the Digital Markets Act is here, could this be what tames big tech?

2 hours ago
Pandemic‌ ‌to‌ ‌set‌ ‌French‌ ‌finances‌ ‌back‌ ‌€424bn‌ ‌over‌ ‌three‌ ‌years‌ ‌

Pandemic‌ ‌to‌ ‌set‌ ‌French‌ ‌finances‌ ‌back‌ ‌€424bn‌ ‌over‌ ‌three‌ ‌years‌ ‌

7 hours ago

Most Read

  • A very Georgian provokatsiya

    A very Georgian provokatsiya

    0 shares
    Share 0 Tweet 0
  • The EU’s newest member state Croatia can teach the bloc much about building strategic autonomy

    0 shares
    Share 0 Tweet 0
  • EC to investigate €1bn worth of missing lumber in Croatian forests

    0 shares
    Share 0 Tweet 0
  • Salmond’s strategic masterstroke

    0 shares
    Share 0 Tweet 0
  • Vaccine export bans won’t help the fight against Covid-19, says Pfizer

    0 shares
    Share 0 Tweet 0

Subscribe
Facebook Twitter Youtube LinkedIn

About Us

Brussels Morning is a daily online newspaper based in Belgium. BM publishes unique and independent coverage on international and European affairs. With a Europe-wide perspective, BM covers policies and politics of the EU, significant Member State developments, and looks at the international agenda with a European perspective.

Category

  • Ambassador’s Corner
  • Commission
  • Council
  • Culture and Society
  • Diplomacy
  • Economy
  • EU Institutions
  • Europe
  • Europe With Transparency
  • Features
  • In Depth
  • Member States
  • Middle East Eye
  • Opinion
  • Our pick
  • Parliament
  • Place de la Bourse
  • Southeast Europe
  • Sustainable Perspective
  • The American Angle
  • The Macro-Economist
  • Uncategorised
  • US Elections
  • World

More info

  • About Us
  • Advertising
  • Cookies Policy
  • Contact Us
  • FAQ
  • Jobs

Brussels Morning Newspaper - All Rights Reserved © 2020

No Result
View All Result
  • Home
  • About Us
  • EU Institutions
    • Parliament
    • Commission
    • Council
  • Europe
  • World
  • Member States
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Sustainable Perspective
    • The American Angle
    • Southeast Europe
  • Magazine

Brussels Morning Newspaper - All Rights Reserved © 2020

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

SAVE & ACCEPT