On Thursday, the London-based British-Dutch multinational consumer goods company, Unilever Co.’s management board had made a proposal to wind down its dual Anglo-Dutch legal structure and to create a single entity based on United Kingdom, which the board-members claimed could provide the consumer goods company with more flexibility for mergers and acquisitions amid a global-scale pandemic outbreak which appeared to have spooked the corporate cultures worldwide.
In point of fact, latest move from the Unilever Co.’s management board came forth nearly two years after the company’s top stakeholders had ditched out a plan to shift the 91-year-old company’s headquarter to Netherland from London as part of a move to put an end to its dual legal structures.
Pandemic-era corporate world to create new opportunities for Unilever, says CEO Jope
Aside from that, speaking with the reporters followed by the reveal of the latest Unilever move to erase its dual legal structure, Unilever Chief Executive Alan Jope said, “This post-COVID world is going to be a dynamic environment ...
with opportunities for Unilever to create value for shareholders. ” More importantly, after Unilever stakeholders had dumped out the proposal of shifting headquarters and businesses into the Netherlands back in 2018s as beforementioned, the Anglo-Dutch company had also replaced its Dutch Chair and Chief Executive.
Apart from that, as the manufacturer of Hellmann’s mayonnaise and the Dove soap, Unilever Co., the world’s second-largest packaged food company behind Nestle SA, has been reeling from an uncertain outlook on Britain’s exit strategy from the EU alongside a 2018 surprise takeover bid of $143 billion from the Kraft Heinz, Unilever Co.’s Danish Chairman, Nils Anderson was quoted saying to the reporters on Thursday that the new plan to exit the company’s 91-year-long Anglo-Dutch business structure, had been the “best tactical option” considering the extent of backlashes the pandemic-era corporate world had borne.