subsidiary company

Definition

noun
a company which is more than 50 per cent owned by a holding company, and where the holding company controls the board of directors

Use subsidiary company in a sentence

In the fast food business the Taco Bell, KFC, and Burger King franchises are all a subsidiary company of the Pepsico Corporation.

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Many times, local or regional business are considered a subsidiary company of a much larger holding company to own and control the smaller company.

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Most large multinational own at least one subsidiary company which frequently has a unique branding and markety strategy designed to reach consumers in its own home market.

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