Jan 22, 2019
Dyson to move headquarters to Singapore
James Dyson, the prominent UK inventor and outspoken Brexit supporter, is relocating his business headquarters from Britain to Singapore, a reflection of the diminishing importance of its home market. It announced in October it would build a factory in Singapore to produce electric vehicles, and a Dyson spokesperson said there had been no negotiations with the Singaporean government over the headquarter's relocation. As part of the head office change, only two employees - the company's chief financial officer and its chief legal officer - will move to Singapore. Mr Rowan said Dyson would continue to invest in the UK, where it employs 4,000 people, including at two research and development facilities in Wiltshire. Revenue increased 28 per cent to £4.4bn. Having built its reputation on the performance and design of its floor cleaners, Dyson has branched out into other consumer products and is investing heavily in robotics, artificial intelligence and battery technologies.
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