Conglomerates

What is a conglomerates? A thing consisting of a number of different and distinct parts or items that are grouped together. One example of a conglomerate is LVMH. LVMH is one of the biggest and leading multinational luxury goods conglomerates. It was formed by the merger of fashion house Louis Vuitton. It controls about 60 subsidiaries. LVMH owns brands such as; Celine, Givenchy, Dior, benefit, Fendi and etc.