Noun
parent company (plural parent companies)
(business) A company that owns or controls one or more other companies.
1980s: Establishment of the network Foundations The Fox network's foundations were laid in March 1985 through News Corporation 's $255 million purchase of a 50% interest in TCF Holdings, the parent company of the 20th Century Fox film studio. Source: Internet
According to a press release from Guinness’s parent company Diageo, the filtration process ‘allows the alcohol to be filtered out without presenting thermal stress to the beer, protecting the integrity of its taste and character’. Source: Internet
According to CNBC, the developer's parent company CD Projekt has lost over in market value since the game came out. Source: Internet
Another store in the Oakdale Mall could be on the chopping block as its parent company announces plans to close 100 stores by 2022. Source: Internet
All TLX sedans will be equipped with automatic emergency braking, active lane control, adaptive cruise control, driver-assistance features, and multi-stage front airbags developed by parent company Honda. Source: Internet
Allina Health, United’s parent company, sent City Pages a statement saying employee and patient safety was the company’s “highest priority.” Source: Internet