subsidiaries
n. countablen. smaller companies that are owned or controlled by a larger parent company. You often see this in big international businesses that have different branches for different products.
n. companies controlled by a holding or parent company through the ownership of more than half of their voting stock. Often used in legal and financial contexts to describe corporate structures.
The global tech giant has several subsidiaries in Europe.
To reduce risk, the corporation operates its shipping and manufacturing arms as separate subsidiaries.
While the parent company maintains overall strategic control, each of its subsidiaries is responsible for its own day-to-day operations and local regulatory compliance.
Typically used in the plural when discussing corporate groups; the singular form is 'subsidiary'.