About: http://data.cimple.eu/news-article/a7fdf33ecb0a9a48fda07571c41f9fc119847a9520668eb5bd4b173c

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About: http://data.cimple.eu/news-article/a7fdf33ecb0a9a48fda07571c41f9fc119847a9520668eb5bd4b173c Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Consumer giant Unilever said Thursday it will combine its Dutch and British arms in a single London-based company, two years after a failed bid to move the firm's headquarters to the Netherlands. The maker of Ben and Jerry's ice cream, Dove soap and the yeasty spread Marmite said ending its 90-year-old double-headed structure would make it more responsive to challenges including the coronavirus pandemic. But it insisted that its presence and operations in both the Netherlands and Britain would "remain unchanged", and it would keep its listings on both the London and Amsterdam stock exchanges. Unilever said in a statement that after an 18-month review it believed that "moving from the current dual-headed legal structure to a single parent company will bring significant benefits." It said a major review of its important tea business showed that the current Anglo-Dutch structure "can create disadvantages for the group", for example when it came to selling parts of the firm. "It is also clear that the COVID-19 pandemic will create a business environment in which having as much flexibility and responsiveness as possible will be critically important," it said. The Dutch entity would therefore be merged into one single parent company based in London, Unilever PLC, "creating a simpler company with greater strategic flexibility, that is better positioned for future success." Unilever was founded in 1930 after the Dutch margarine producer Margarien Unie merged with British soapmaker Lever Brothers, but has kept its dual-headed structure since then. It has since become a global behemoth with brands also including Lipton tea, Magnum ice cream and Knorr foods. In 2018 Unilever tried to move the firm's corporate base from London to the Dutch port of Rotterdam. But it had to back down after a revolt by shareholders in Britain as that plan would have ended its listing on the London stock exchange. Unilever said under the new plan there would be "no change to the operations, locations, activities or staffing levels in either the United Kingdom or The Netherlands as a result of unification". dk/bmm
schema:headline	Unilever to merge Anglo-Dutch arms in British company
schema:mentions	Unilever Marmite Lipton Rotterdam Tea Ice cream Netherlands London Pandemic United Kingdom Coronavirus Severe acute respiratory syndrome coronavirus 2 Margarine Knorr-Bremse Magnum (ice cream) Dove (toiletries) London stock brick Euronext
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-11 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	82 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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