Drug giant GSK to quit global HQ as button pushed on £70bn break-up
Evening Standard|October 11, 2021
Starting gun fired in hunt for new research base. Plans submitted for £120m consumer campus. Activist pressure mounts to accelerate split into two
Simon Freeman
Drug giant GSK to quit global HQ as button pushed on £70bn break-up

HEALTHCARE giant GSK today pressed the button on its £70 billion break-up with plans to put its global corporate HQ in west London up for sale.

The announcement marks a significant step in a four-year odyssey to carve the drug-maker’s empire into two separately listed FTSE 100 companies.

Around 800 staff working for the consumer healthcare division will move from GSK House in Brentford to a new £120 million campus in Weybridge.

They take with them nine power brands including Sensodyne, Aquafresh, Nicorette and Panadol whose £10 billion annual revenues will underpin the standalone company.

Plans for the new campus are being submitted to authorities in Surrey this week. Staff will work in temporary offices nearby until it is built.

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