Unilever shareholder Lindsell Train is likely to use at least some of its shares to vote against the company's planned move to the Netherlands, which will cost the consumer goods giant its spot in the benchmark FTSE 100.
Consumer goods giant Unilever said simplifying its parent company structure from two UK and Dutch legal entities into a single holding company would conclude in December, when shares in the new firm would start trading.
Unilever's beauty and personal care unit only closes on one-tenth of the M&A deals it looks at, the unit's boss said on Wednesday, illustrating how many upstart brands have flooded the market vying for attention.
Chinese e-commerce firm JD.com has agreed a deal with Unilever to move products like Lipton's tea and Lux soap between warehouses across China as the consumer goods firm looks to expand sales in China.
Press reports that Debenhams faces a virtual vote of no-confidence as a beauty service that it recently touted as one of its big new attractions seeks an exit strategy and a new investor have been denied by both firms.