Subsidiary company in the context of Technology company


Subsidiary company in the context of Technology company

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⭐ Core Definition: Subsidiary company

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 company in the context of Millennium Stadium

The Millennium Stadium (Welsh: Stadiwm y Mileniwm), known since 2016 as the Principality Stadium (Welsh: Stadiwm Principality) for sponsorship reasons, is the national stadium of Wales. Located in Cardiff, it has a retractable roof and is the home of the Wales national rugby union team; it has also held Wales national football team games. Initially built to host the 1999 Rugby World Cup and replacing the National Stadium, it has gone on to host many other large-scale events, such as the Tsunami Relief Cardiff concert, the Super Special Stage of Wales Rally Great Britain, the Speedway Grand Prix of Great Britain and various concerts. It also hosted FA Cup, League Cup and Football League play-off finals while Wembley Stadium was being redeveloped between 2001 and 2006, as well as football matches during the 2012 Summer Olympics.

The stadium is owned by Millennium Stadium plc, a subsidiary company of the Welsh Rugby Union (WRU). The architects were Bligh Lobb Sports Architecture. The structural engineers were WS Atkins and the building contractor was Laing. The total construction cost of the stadium was £121million, of which the Millennium Commission funded £46 million.

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Subsidiary company in the context of List of airlines by foundation date

This is a list of airlines by foundation date of the company. The list includes airlines founded before December 31, 1930.

Rows with a light-green background indicate the earliest predecessor company of an airline that is still operating as a parent company or a subsidiary company (many modern airline holding companies operate more than one airline). Of the airlines still operating, Air France has the oldest predecessor company, Compagnie générale transaérienne, which was established in 1909 and began scheduled fixed-wing passenger operations in 1913. Another Air France predecessor, Lignes Aériennes Farman, began the first regular international passenger operations in 1919. KLM is the oldest airline still operating under its original name, Koninklijke Luchtvaartmaatschappij, under which it was established in 1919 and began operating the following year.

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