Food and cosmetics giant ends 90-year partnership
Business
- 30 November, 2020
- 07:47
The food and cosmetics giant Unilever, founded in 1930 by Lever Brothers of the United Kingdom and Dutch Margarine Unie of the Netherlands, came under British control.
According to Report, the company's head office has moved from Rotterdam in the Netherlands to London, England.
The reason for the end of the 90-year partnership is the conclusion of the Dutch government to re-impose a dividend tax on large companies. The decision was made by the Supreme Court of England after the shareholders of Unilever reached an agreement.
However, the company will continue to invest equally in the UK and the Netherlands, leaving 2,500 employees in the Netherlands.
Latest News
20:53
60 killed in Iran's Ilam province since start of US-Israeli operation
Region20:38
Iranian military says it struck fuel tanks, aircraft at Ben Gurion Airport
Other countries20:16
At least 14 people killed in fire at South Korean car parts factory
Other countries19:56
Iran threatens US, Israel with retaliatory measures over Persian Gulf attacks
Region19:34
Türkiye detains 139 suspected ISIS members in nationwide operations
Region19:20
Modi condemns attacks on energy facilities in call with Pezeshkian
Region18:52
CENTCOM chief says 8,000 targets struck in Iran, degrading Tehran's military capabilities
Other countries18:37
Money transfers from Azerbaijan to Georgia drop nearly 42%
Finance18:21