Hong
Kong (CNN Business)Unilever has given up on a plan to move its headquarters out of the United Kingdom. The global consumer goods company said Friday that the planned change "has not received support from a significant group of shareholders."
Unilever (UL), which owns brands including Dove, Lipton and Ben & Jerry's, had announced in March that it would use the Dutch city of Rotterdam as its sole legal home as part of an effort to simplify its corporate structure.
That announcement — by one of the United Kingdom's largest companies — was seen as a setback for the country as it prepares to leave the European Union.
Unilever has operated for decades with dual headquarters in London and Rotterdam.
