Jun 11, 2020

Ben & Jerry's maker Unilever settles on UK base

Unilever, the Anglo-Dutch maker of Ben & Jerry's ice cream and Dove soap, is to combine its two businesses into one structure in the UK. It comes after the firm tried to combine into a Dutch company in 2018. The new structure will make it a legally simpler business under Unilever Plc. The board will meet in London, whereas before it would alternate between its two homes. The firms became Unilever Plc and Unilever NV. Reports of the death of the City of London as the centre of European finance appear to have been greatly exaggerated. Unilever has been under pressure from shareholders to simplify its structure for more than a decade. The Dutch arm will be subsumed into the UK entity, and the new parent company will be Unilever plc.

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