MikeInWimbledon
Hardcore MB Enthusiast
- Joined
- Nov 8, 2014
- Messages
- 10,133
- Car
- (Ex S211 E500, W212 E500, C216, S212 E500, W211 E500 5.5, W221 S500, S211 E500, SL500, S500, E55)
I stopped buying Cadbury products when the American owners closed the factory they had promised to keep open and their CEO refused to answer to the Commons Committee tasked with questioning them.
Why do we allow foreign owners? Watch latest with GKN, another screwup in the making and the passport fiasco. What happened to good old common sense instead of blindly following rules.
Because we just do, and always have done. It's UK M&A rules. The same ones that have just caused Unilever to give up joint Dutch/British listings. The same rules that meant so many of our industrial and commercial businesses acquired foreign owners in the 80's and 90's.