Brexit backer Dyson moves vacuum giant's HQ to fast growing Singapore
Billionaire says move not connected to Brexit or tax bills
London — James Dyson, the billionaire Brexit supporter who revolutionised vacuum cleaners with his bagless technology, is moving his head office to Singapore from Britain to be closer to his company’s fastest-growing markets. Dyson’s company said the move to Singapore, where it will build its new electric car, was not driven by Britain’s looming departure from the EU or tax implications, with much of its product development remaining in south west England. The 71-year-old inventor has become one of Britain’s best-known entrepreneurs, creating a multibillion-dollar company from an insight that a cyclone could collect household dust better than a clogged-up bag. CEO Jim Rowan said the manufacturer of air purifiers, hairdryers and cleaner, lauded by politicians as a British success story, was a “global technology company”, with 96% of its sales outside Britain. “Our growth rate in Asia has doubled most other places in the world over recent years,” he said, adding that more than half of...
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