Unilever to review UK investments if it decides to leave EU
According to media reports, Anglo-Dutch consumer goods maker Unilever has indicated that it will reconsider its investment decisions in the UK if the country decides to leave the European Union.
Paul Polman, the chief executive of the company said that the company will rethink its investment plans for the country if it leaves the union. The UK's ruling Conservative party has said that it is planning to hold a referendum on the country's membership of the EU if it is elected in the general elections next year. Polman has reportedly said that the inclusion of the UK in the European Union has been good for business and for the British economy. He said that he supports the reforms in the European Union but pointed out that the debate is very simplistic.
Unilever, which is based in the Dutch city of Rotterdam and London, has said that its sales growth was affected due to slowing growth in emerging markets including Vietnam, Thailand and South Africa. The company said that Sales growth for 2013 overall was 4.3 percent, down from 6.9 percent in 2012. The company's sale stood at 49.8 billion euros, or roughly $67.4 billion and profits rose to _4.84 billion compared to the same period of the previous year.