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Conglomerate (company)
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==International== The end of the [[First World War]] caused a brief economic crisis in [[Weimar Germany]], permitting entrepreneurs to buy businesses at rock-bottom prices. The most successful, [[Hugo Stinnes]], established the most powerful private economic conglomerate in 1920s Europe – Stinnes Enterprises – which embraced sectors as diverse as manufacturing, mining, shipbuilding, hotels, newspapers, and other enterprises. The best-known British conglomerate was [[Hanson plc]]. It followed a rather different timescale than the U.S. examples mentioned above, as it was founded in 1964 and ceased to be a conglomerate when it split itself into four separate listed companies between 1995 and 1997. In Hong Kong, some of the well-known conglomerates such as: * [[Swire Group]] (AD1816) (or Swire Pacific) Started by Liverpool natives the Swire family, which controls a wide range of businesses, including property ([[Swire Properties]]), aviation (i.e. [[Cathay Pacific]]), beverages (bottler of [[Coca-Cola]]), shipping and trading. * [[Jardine Matheson]] (AD1824) operates businesses in the fields of property ([[Hongkong Land]]), finance ([[Jardine Lloyd Thompson]]), trading, retail ([[Dairy Farm]]) and hotels (i.e. [[Mandarin Oriental]]). *[[CK Hutchison Holdings|CK Hutchison Holdings Limited]]: Telecoms, Infrastructure, Ports (i.e. [[Hongkong International Terminals]], [[River Trade Terminal]]), Health and Beauty Retail (i.e. [[AS Watson]]), Energy, Finance * [[The Wharf (Holdings)]]: Telecoms (formerly [[i-Cable Communications]]), Retail, Transportation (i.e. [[Modern Terminals]]), Finance, Hotels (i.e. [[Marco Polo Hotels]]) In Japan, a different model of conglomerate, the ''[[keiretsu]]'', evolved. Whereas the Western model of conglomerate consists of a single corporation with multiple subsidiaries controlled by that corporation, the companies in a keiretsu are linked by interlocking shareholdings and a central role of a bank. [[Mitsui]], [[Mitsubishi]], [[Sumitomo]] are some of Japan's best-known keiretsu, reaching from automobile manufacturing to the production of electronics such as televisions. While not a keiretsu, [[Sony]] is an example of a modern Japanese conglomerate with operations in [[consumer electronics]], [[Sony Interactive Entertainment|video games]], the [[Sony Music|music industry]], [[Sony Pictures Entertainment|television and film production and distribution]], [[Sony Financial Holdings|financial services]], and [[So-net|telecommunications]]. In China, many of the country's conglomerates are [[Government-owned corporation|state-owned enterprises]], but there is a substantial number of private conglomerates. Notable conglomerates include [[BYD Company|BYD]], [[CIMC]], [[China Merchants Bank]], [[Huawei]], [[JXD]], [[Meizu]], [[Ping An Insurance]], [[TCL Corporation|TCL]], [[Tencent]], [[TP-Link]], [[ZTE]], [[Legend Holdings]], [[Dalian Wanda Group]], [[China Poly Group]], [[Beijing Enterprises]], and [[Fosun International Limited|Fosun International]]. Fosun is currently China's largest [[civilian-run enterprise|civilian-run]] conglomerate by revenue.<ref>{{cite news|last=Tsui|first=Enid|title=China conglomerate Fosun to scour for deals with $1bn fund|url=http://www.ft.com/intl/cms/s/0/5d98efb2-bb82-11e1-90e4-00144feabdc0.html |archive-url=https://ghostarchive.org/archive/20221210/http://www.ft.com/intl/cms/s/0/5d98efb2-bb82-11e1-90e4-00144feabdc0.html |archive-date=December 10, 2022 |url-access=subscription |url-status=live|newspaper=Financial Times|date=June 24, 2012}}</ref> In [[South Korea]], the ''[[chaebol]]'' is a type of conglomerate owned and operated by a family. A chaebol is also inheritable, as most of the current presidents of chaebols succeeded their fathers or grandfathers. Some of the largest and most well-known Korean chaebols are [[Samsung]], [[LG Group|LG]], [[Hyundai Kia Automotive Group|Hyundai Kia]] and [[SK Group|SK]]. In India, family-owned enterprises became some of Asia's largest conglomerates, such as the [[Aditya Birla Group]], [[Tata Group]], [[Emami]], [[Kirloskar Group]], [[Larsen & Toubro]], [[Mahindra Group]], [[Bajaj Group]], [[ITC Limited]], [[Essar Group]], [[Reliance Industries Limited|Reliance Industries]], [[Adani Group]] and the [[Bharti Enterprises]]. In Brazil the largest conglomerates are [[J&F Investimentos]], [[Odebrecht]], [[Itaúsa]], [[Camargo Corrêa]], [[Votorantim Group]], [[Andrade Gutierrez]], and Queiroz Galvão. In Turkey the largest conglomerates are [[Koç Holding]], [[Sabancı Holding]], [[Yıldız Holding]], [[Çukurova Holding]], [[Doğuş Holding]], [[Doğan Holding]]. In New Zealand, [[Fletcher Challenge]] was formed in 1981 from the merger of [[Fletcher Building|Fletcher Holdings]], Challenge Corporation, and Tasman Pulp & Paper, in an attempt to create a New Zealand-based multi-national company. At the time, the newly merged company dealt in construction, building supplies, pulp and paper mills, forestry, and oil & gas. Following a series of bungled investments, the company demerged in the early 2000s to concentrate on building and construction. In [[Pakistan]], some of the examples are [[Adamjee Group]], [[Dawood Hercules]], [[House of Habib]], [[Lakson Group]] and [[Nishat Group]]. In the [[Philippines]], the largest conglomerate of the country is the [[Ayala Corporation]] which focuses on [[Ayala Malls|malls]], [[Bank of the Philippine Islands|bank]], [[Ayala Land|real estate development]], and [[Globe Telecom|telecommunications]]. The other big conglomerates in the Philippines included [[JG Summit Holdings]], [[Lopez Holdings Corporation]], [[ABS-CBN Corporation]], [[GMA Network (company)|GMA Network, Inc.]], [[MediaQuest Holdings]], [[TV5 Network|TV5 Network, Inc.]], [[SM Investments Corporation]], [[Metro Pacific Investments Corporation]], and [[San Miguel Corporation]]. In the United States, some of the examples are [[The Walt Disney Company]], [[Warner Bros. Discovery]] and [[The Trump Organization]] (see below). In Canada, one of the examples is [[Hudson's Bay Company]]. Another such conglomerate is [[J.D. Irving, Limited]], which controls a large portion of the economic activities as well as media in the [[Province of New Brunswick]].
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