Dyson is Moving to Singapore: Apparently NOT Because of Brexit

Dyson

James Dyson, CEO of Dyson, confirmed today that the company will be moving its head office out of Britain, to Singapore.

Dyson Move

The news has been criticized by many who call Dyson “hypocritical” for leaving Britain. Its CEO has been an advocate supporter of Brexit, Britain’s decision to leave the European Union. He has always been very vocal on the matter believing the country would be “better off outside the European Union.”

As such, the decision to move during such a volatile time for Britain has bewildered many. 

But according to the company, the decision to leave for Singapore has nothing to do with Brexit at all. Though many are skeptical of this, Dyson claims it is moving in response to demand for its products in Asia. In a financial report, it clarified:

“An increasing majority of Dyson’s customers and all of our manufacturing operations are now in Asia […] This shift has been occurring for some time and will quicken as Dyson brings its electric vehicle to market.”

Dyson has Grown

The company, which began almost 30 years ago with a vacuum range, has since become a household name around the globe. Its product line has grown to include hand dryers, hairdryers, domestic appliances, and, soon-to-be, electric cars. The process of growth has seen its CEO become a knight and also Britain’s wealthiest man.

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When speaking to The New York Times last year, Dyson said on the Brexit matter that “Europe is a protectionist setup designed to keep competitors out. It’s not a good thing to be in.”

He furthered that voting to leave the EU “was the right decision for Britain.”

Backlash

Now, the company is facing a backlash from the country that helped to put it on the map. Dyson maintains that the move is nothing to do with Brexit; however, the ill-feeling is clear.

As Sam Gyimah, a Conservative member of Parliament, said on Twitter:

“Betrayal of the public who put their faith in him as a British business advocating a No Deal Brexit.”

Featured Image: Depositphotos © javarman


About the author: Maria Ohle is a content creator spanning multiple subjects. She cites cannabis, business, and culture as her forte’s. Maria holds a degree in Drama and English and has a Diploma in digital multimedia. After two years of writing and working in Vancouver, Canada, she has returned home to Ireland to further her career. She is a dab hand at design as well as art and considers music to be man’s greatest invention.