Hyperdrive
Brexit-Backer Dyson Shifts HQ to Singapore as Asia Fuels Electric Car Dreams
- Move not down to Brexit or tax, according to company’s CEO
- Dyson breaks 1 billion pounds in profit for the first time
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The billionaire inventor James Dyson, an ardent backer of Brexit, has decided to relocate his company’s head office to Singapore in a blow to the U.K. government.
Dyson Ltd. has mushroomed in recent years, driven by a growing customer base in Asia. Known for vacuum cleaners and hand dryers, the firm has expanded into air purifiers and hair-care products, and embarked on a costly project to build an electric car by 2021.