“The Body Shop” is moving warehouse operations to Frankfurt

Posted on March 15, 2019 by PeterD

Posted in Brexit, Brexit News, EU, UK

Brexit, out of sight, out of mind

There is so much news on the current Brexit situation, it is easy to forget the decisions being made on relocating a business into Europe.

Many companies have already implemented their decisions and relocated, and many more are considering what to do.

“The Body Shop” is moving warehouse operations to Frankfurt.

Now it is the turn of The Body Shop to take steps to relocate to Frankfurt. You may not have seen the news but it is going on across the country as businesses of all types and sizes consider where and how will the company survived after a Brexit.

The Body Shop is a British company that started 1976, shame it will leaving the UK for Frankfurt and the loss of jobs. More lost jobs and lost taxes for the UK.

Body Shop announces jobs to go to Germany in wake of Brexit

If you know of any business moving to Europe because of Brexit, send in details for publication and a link will be provided to your source.

Deutsche Bank returning to Frankfurt

Posted on August 27, 2017 by PeterD

Posted in Brexit News

Deutsche Bank

Germany’s biggest Bank, the Deutsche Bank is moving most of it’s resources back to Frankfurt. This makes sense for a major EU bank to be inside the European Union, ready to serve all its existing customers. Nomura the first Japanese securities firm to choose a location in the EU after Brexit

The lost could be a few hundred jobs, and an unknown amount of tax revenue. Plus the City’s reputation will change.

Japanese bank Nomura

Posted on August 13, 2017 by PeterD

Posted in Brexit News

Nomura

Frankfurt has been selected by the Japanese Bank Nomura after Brexit. Frankfurt is a lot cheaper location than London, so this will have played into the decision. Another reason is the location of the European Central Bank, and other international Banks. Nomura is Japan’s biggest brokerage firm, this makes this a very important story,

Standard Chartered Bank

Posted on August 7, 2017 by PeterD

Posted in Brexit News

Standard Chartered Moving

Yet another US bank has chosen to make a move from the UK into Europe, based in Frankfurt. The numbers of staff at the Standard Chartered Bank may be small but the effect tax’s for the UK should not be under estimated. This is not just for a year, but many years to come.

Banks accept the growing likelihood that they will lose the automatic
right to sell banking services from London. More on this story at the Independent.

Morgan Stanley

Posted on August 2, 2017 by PeterD

Posted in Brexit News

Bank announces plans to move out of London

A major event is the decision by Morgan Stanley to relocate to Frankfurt after Brexit. If the impossible happens and the UK remains, the damage will already have been done, the jobs will not return. A lease for offices in the Omniturm has been signed.

These plans will have a long term impact of the financial health of the country. Taxes will be lower and less employment.