Legal Definitions - conglomerate

Definition: A conglomerate is a type of corporation that owns many different businesses in various industries that are not related to each other.

For example, a conglomerate might own a chain of restaurants, a car manufacturing company, and a media company. These businesses are not related to each other, but they are all owned by the same conglomerate.

This type of corporation is different from a company that focuses on one specific industry or product. A conglomerate can be made up of many different types of businesses, which can make it more diverse and potentially more profitable.