Dyson, named after British vacuum inventor James Dyson, is moving its headquarters to Singapore, chief executive officer Jim Rowan said on a conference call with reporters Tuesday. He said the move is unrelated to the looming deadline for Britain to leave the EU after voting to do so in the summer of 2016. Instead, the company says it is doing so to be closer to its fastest growing markets in Asia. The company said Tuesday it had a profit of almost 1.1 billion pounds ($1.9 billion Cdn) last year, up from 800 million pounds ($1.4 billion Cdn) the year before. James Dyson, the 71-year-old founder, is the 129th richest person in the world, worth almost $14 billion Cdn, according to Bloomberg.

Source: CBC News January 22, 2019 19:18 UTC