Subsidiary in the context of Concern (business)


Subsidiary in the context of Concern (business)

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⭐ Core Definition: Subsidiary

A subsidiary, subsidiary company, or daughter company is a company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by the same entity/group are considered to be sister companies of each other.

Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different fields. More focused companies include IBM, Xerox, and Microsoft; they and their subsidiaries primarily operate within the tech sector. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries.

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Subsidiary in the context of Pew Research Center

The Pew Research Center (also simply known as Pew) is a nonpartisan American think tank based in Washington, D.C. It provides information on social issues, public opinion, and demographic trends shaping the United States and the world. It also conducts public opinion polling, demographic research, random sample survey research, and panel based surveys, media content analysis, and other empirical social science research.

The Pew Research Center states it does not take policy stances. It is a subsidiary of the Pew Charitable Trusts and a charter member of the American Association of Public Opinion Research's Transparency Initiative.

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Subsidiary in the context of Conglomerate (company)

A conglomerate (/kəŋˈɡlɒmərət/) is a type of multi-industry company that consists of several different and unrelated business entities that operate in various industries. A conglomerate usually is a parent company that owns and controls many subsidiaries, which are legally independent but financially and strategically dependent on the parent company. Conglomerates are often large and multinational corporations that have a global presence and a diversified portfolio of products and services. Conglomerates can be formed by merger and acquisitions, spin-offs, or joint ventures.

Conglomerates are common in many countries and sectors, such as media, banking, energy, mining, manufacturing, retail, defense, and transportation. This type of organization aims to achieve economies of scale, market power, risk diversification, and financial synergy. However, they also face challenges such as complexity, bureaucracy, agency problems, and regulation.

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Subsidiary in the context of Thermo King

Thermo King is an American manufacturer of transport temperature control systems for refrigerator trucks and trailers, refrigerated containers and refrigerated railway cars along with heating, ventilation and air conditioning systems for bus and passenger rail applications. It is headquartered in the Minneapolis suburb of Bloomington, Minnesota. Thermo King is a subsidiary of Trane Technologies.

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Subsidiary in the context of Parent company

A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own stock of other companies to create a corporate group.

Holding companies also conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. They can be subsidiaries in a tiered structure.

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Subsidiary in the context of Tokyu Corporation

The Tokyu Corporation (東急株式会社, Tōkyū kabushiki-gaisha), a contraction of and formerly kyō Kyūkō Dentetsu kabushiki gaisha (行電鉄株式会社; "Tokyo Express Electric Railway Stock Company") until 2 September 2019, is a Japanese keiretsu or conglomerate headquartered in Shibuya, Tokyo. While a multinational corporation, its main operation is the Tokyu Railways Company, Ltd. (ja:東急電鉄株式会社, Tōkyū Dentetsu kabushiki gaisha), a wholly owned subsidiary operating railways in the Greater Tokyo Area.

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Subsidiary in the context of Rydges Hotels & Resorts

Rydges Hotels & Resorts, or Rydges, was a hotel accommodation and hospitality provider that operates in Australia and New Zealand. Rydges accommodates one million guests annually, across a range of market segments. Rydges is a subsidiary of the ASX-listed Event Hospitality and Entertainment, a corporation that owns and operates brands in the entertainment, hospitality, and leisure sectors, mainly within Australasia.

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Subsidiary in the context of Pixar

Pixar (/ˈpɪksɑːr/), doing business as Pixar Animation Studios, is an American animation studio based in Emeryville, California, known for its critically and commercially successful computer-animated feature films. Pixar is a subsidiary of Walt Disney Studios, a division of the Disney Entertainment segment of the Walt Disney Company.

Pixar started in 1979 as part of the Lucasfilm computer division. It was known as the Graphics Group before its spin-off as a corporation in 1986, with funding from Apple co-founder Steve Jobs, who became its majority shareholder. Disney announced its acquisition of Pixar in January 2006, and completed it in May 2006. Pixar is best known for its feature films, technologically powered by RenderMan, the company's own implementation of the industry-standard RenderMan Interface Specification image-rendering API. The studio's mascot is Luxo Jr., a desk lamp from the studio's 1986 short film of the same name.

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Subsidiary in the context of Societas Cooperativa Europaea

The European Cooperative Society (SCE, for Latin societas cooperativa Europaea) is, in corporate law, a European cooperative type of company, established in 2006 and related to the Societas Europaea (SE). They may be established and may operate throughout the European Economic Area (EEA, including the European Union). The legal form was created to remove the need for cooperatives to establish a subsidiary in each member state of the European Union in which they operate, and to allow them to move their registered office and headquarters freely from one member state to another, keeping their legal identity and without having to register or wind up any legal persons. No matter where they are established, SCEs are governed by a single EEA-wide set of rules and principles which are supplemented by the laws on co-operatives in each member state, and other areas of law.

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Subsidiary in the context of SEAT

SEAT S.A. (English: /ˈsɑːt/; Spanish: seat]; from Spanish Sociedad Española de Automóviles de Turismo, lit.'Spanish Passenger Car Company') is a Spanish car manufacturer that sells its vehicles under the SEAT and Cupra brands. Founded on 9 May 1950, it was created as a joint venture between Spain's government-owned Instituto Nacional de Industria (INI), which held a majority stake, Spanish private banks, and Fiat. After being listed as an independent automaker for 36 years, the Spanish government sold SEAT to the Volkswagen Group in 1986, and it remains a fully owned subsidiary of the Group.

The headquarters of SEAT S.A. is located in Martorell, near Barcelona, at the company's industrial complex. Over 468,000 units were produced in 2020 with more than 427,000 cars exported to over 75 countries worldwide.

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Subsidiary in the context of Boeing-Stearman Model 75

The Stearman (Boeing) Model 75 is an American biplane formerly used as a military trainer aircraft, of which at least 10,626 were built in the United States during the 1930s and 1940s. Stearman Aircraft became a subsidiary of Boeing in 1934. Widely known as the Stearman, Boeing Stearman, or Kaydet, it served as a primary trainer for the United States Army Air Forces, the United States Navy (as the NS and N2S), and with the Royal Canadian Air Force as the Kaydet throughout World War II. After the conflict was over, thousands of surplus aircraft were sold on the civilian market. In the immediate postwar years, they became popular as crop dusters and sports planes, and for aerobatic and wing walking use in air shows.

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Subsidiary in the context of Warner Bros. Entertainment

Warner Bros. Entertainment Inc. (WBEI), commonly known as Warner Bros. (WB), is an American filmed entertainment and media corporation headquartered at the Warner Bros. Studios complex in Burbank, California, and the main namesake subsidiary of Warner Bros. Discovery. Founded on April 4, 1923, by four brothers, Harry, Albert, Sam and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games. It is one of the "Big Five" major American film studios and a member of the Motion Picture Association (MPA).

The company is known for its film studio division, the Warner Bros. Motion Picture Group, which includes Warner Bros. Pictures, New Line Cinema, Warner Bros. Pictures Animation, Castle Rock Entertainment and the Warner Bros. Television Group. Bugs Bunny, a character created for the Looney Tunes series, is the company's official mascot.

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Subsidiary in the context of News UK

News Corp UK & Ireland Limited (trading as News UK, formerly News International and NI Group) is a British newspaper publisher, and a wholly owned subsidiary of the American mass media conglomerate News Corp. It is the current publisher of The Times, The Sunday Times, and The Sun newspapers; its former publications include the Today, News of the World, and The London Paper newspapers. It was established in February 1981 under the name News International plc. In June 2002, the company name was changed to News International Limited, and on 31 May 2011, to NI Group Limited, and on 26 June 2013 to News UK.

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Subsidiary in the context of Genentech

Genentech, Inc. is an American biotechnology corporation headquartered in South San Francisco, California. It operates as an independent subsidiary of holding company Roche. Genentech Research and Early Development operates as an independent center within Roche. Historically, the company is regarded as the world's first biotechnology company.

As of July 2021, Genentech employed 13,539 people.

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Subsidiary in the context of Audi

Audi AG is a German automotive manufacturer of luxury vehicles headquartered in Ingolstadt, Bavaria, Germany. A wholly owned subsidiary of the Volkswagen Group, Audi produces vehicles in nine production facilities worldwide.

The origins of the company are complex, dating back to the early 20th century and the initial enterprises (Horch and the Audiwerke) founded by engineer August Horch. Two other manufacturers (DKW and Wanderer) also contributed to the foundation of Auto Union in 1932. The modern Audi era began in the 1960s, when Auto Union was acquired by Volkswagen from Daimler-Benz. Volkswagen relaunched the Audi brand with the 1965 introduction of the Audi F103 series, and merged Auto Union with NSU Motorenwerke in 1969, thus creating the present-day form of the company.

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Subsidiary in the context of List of Organisation of Islamic Cooperation organizations

The Organisation of Islamic Cooperation, the second largest intergovernmental organisation after the United Nations has maintained various organisations and institutions focused on various subjects, including education, social and political. Its organs include subsidiaries, specialized and affiliated institutions, Islamic universities, commercial and non-commercial agencies, and various standing committees that play significant roles within the framework of the OIC.

The OIC has also maintained independent commissions in collaboration with the 57 member states. The OIC Council of Foreign Ministers is the second-highest decision-making body while the Islamic Summit of the Organisation of Islamic Cooperation is the highest decision-making authority. Both are administered by the Secretary General of the Organisation of Islamic Cooperation who is responsible for the implementation of decisions and recommendations made by the member states.

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Subsidiary in the context of Branch office

A branch office is an outlet of a company or, more generally, an organization that – unlike a subsidiary – does not constitute a separate legal entity, while being physically separated from the organization's main office. Branching is particularly widespread in banking and other financial institutions, where the products' complexity requires local offices to act more like an agency than as a separate company. A branch structure exposes the owning company to full taxability and legal liability in regard to the branch office's operations.

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Subsidiary in the context of Foreign ownership

Foreign ownership refers to the ownership of a portion of a country's assets (businesses, natural resources, property, bonds, equity etc.) by individuals who are not citizens of that country or by companies whose headquarters are not in that country.

Foreign ownership of assets is widespread in a modern, globally integrated economy, at both the corporate and individual levels. An example of the former is when a corporation acquires part, or all, of another company headquartered overseas, or when it purchases property, infrastructure, access rights or other assets in countries abroad. If a multinational corporation acquires at least half of a foreign company, the multinational corporation becomes a holding company, and the company receiving the foreign investment becomes a subsidiary.

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Subsidiary in the context of CSX

CSX Transportation (reporting mark CSXT), known colloquially as simply CSX, is a Class I freight railroad company operating in the Eastern United States and the Canadian provinces of Ontario and Quebec. Operating about 21,000 route miles (34,000 km) of track, it is the leading subsidiary of CSX Corporation, a Fortune 500 company headquartered in Jacksonville, Florida.

CSX Corporation was formed in 1980 from the merger of Chessie System and Seaboard Coast Line Industries, two holding companies that controlled railroads operating in the Eastern United States. Initially only a holding company, the subsidiaries that made up CSX Corporation completed merging in 1987. CSX Transportation formally came into existence in 1986, as the successor of Seaboard System Railroad. In 1999, CSX Transportation acquired about half of Conrail in a joint purchase with competitor Norfolk Southern Railway. In 2022, it acquired Pan Am Railways, extending its reach into northern New England.

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