conglomerate
Say it: kun-GLOM-uh-rut /kənˈɡlɑmərət/ · noun
What “conglomerate” means
A large company owning several different kinds of business.
More precisely: A large company made up of many different businesses.
Example: “The conglomerate owns everything from cereal brands to shipping companies.”
When to use it
In business news, when describing one large company that owns businesses across several different industries.
Similar words
corporation, group, multinational
Where it comes from
From Latin glomus, "ball."
Quick check
One parent company owns a film studio, a cement factory and an insurance business. What is it?
a franchise or a conglomerate?
Show the answer
a conglomerate
Learn 5 new words a day in Kinquire. Each with a picture, how to say it, an example and a quick check, then spaced review so you actually keep them. Free to start.
Learn “conglomerate”