Subsidiary in the context of "Representative office"

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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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