conglomerate

adjective
con·​glom·​er·​ate | \ kən-ˈgläm-rət How to pronounce conglomerate (audio) , -ˈglä-mə-\

Definition of conglomerate

 (Entry 1 of 3)

: made up of parts from various sources or of various kinds the conglomerate peoples of New England a conglomerate empire

conglomerate

verb
con·​glom·​er·​ate | \ kən-ˈglä-mə-ˌrāt How to pronounce conglomerate (audio) \
conglomerated; conglomerating

Definition of conglomerate (Entry 2 of 3)

intransitive verb

: to gather into a mass or coherent whole Infinite numbers of dull people conglomerated round her …— Virginia Woolf

conglomerate

noun
con·​glom·​er·​ate | \ kən-ˈgläm-rət How to pronounce conglomerate (audio) , -ˈglä-mə-\

Definition of conglomerate (Entry 3 of 3)

1 : a composite mass or mixture especially : rock composed of rounded fragments varying from small pebbles to large boulders in a cement (as of hardened clay)
2 : a widely diversified corporation an international conglomerate of some 350 businesses

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Other Words from conglomerate

Verb

conglomerative \ kən-​ˈgläm-​rə-​tiv How to pronounce conglomerative (audio) , -​ˈglä-​mə-​ ; -​mə-​ˌrā-​ \ adjective
conglomerator \ kən-​ˈglä-​mə-​ˌrā-​tər How to pronounce conglomerator (audio) \ noun

Noun

conglomeratic \ kən-​ˌglä-​mə-​ˈra-​tik How to pronounce conglomeratic (audio) , ˌkän-​ \ adjective

Synonyms & Antonyms for conglomerate

Synonyms: Verb

assemble, cluster, collect, concenter, concentrate, congregate, convene, converge, forgather (or foregather), gather, meet, rendezvous

Synonyms: Noun

empire

Antonyms: Verb

break up, disband, disperse, split (up)

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Examples of conglomerate in a Sentence

Verb

people conglomerated in the downtown streets for an impromptu victory celebration over the years the town's discarded junk conglomerated at the bottom of the river

Noun

a news and entertainment conglomerate Our small company must compete with the big conglomerates.
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Recent Examples on the Web: Adjective

Last month, it was announced that San Francisco beauty brand was being acquired by European consumer goods conglomerate Unilever, whose diverse brand roster includes Hellmann’s, Ben & Jerry’s, Axe and Dove. Khanh T.l. Tran, latimes.com, "She gave up everything to start beauty brand Tatcha. What happens after it’s sold?," 8 July 2019 One advertising company under scrutiny in the investigation is Havas SA, the ad company owned by media conglomerate Vivendi SA, VIVHY -1.95% the people said. Nicole Hong, WSJ, "Federal Prosecutors Probe Ad Industry’s Media-Buying Practices," 27 Sep. 2018 In a shareholder vote over competing slates of directors, Elliott narrowly edged out French media conglomerate Vivendi . Eric Sylvers, WSJ, "Elliott Scores a Victory in Telecom Italia Fight," 4 May 2018 Telecom Italia, whose biggest shareholder is French media conglomerate Vivendi SA, is planning to set aside about 700 million euros ($834 million) to pay for the early retirements and voluntary buyouts, one of the people said. Bloomberg.com, "Bloomberg," 9 Jan. 2018 Elliott has set up a showdown with Telecom Italia’s largest shareholder, the French media conglomerate Vivendi SA, which owns 24 percent. Daniele Lepido, Bloomberg.com, "Elliott Said to Back Ferrari-Like Spinoff for Telecom Italia," 21 Mar. 2018 French media conglomerate Vivendi SA, Telecom Italia’s largest shareholder with a 24 percent stake, increased its influence over the Italian phone company last year. Bloomberg.com, "Bloomberg," 8 Jan. 2018 Erik Hellum has also been appointed as COO of the radio and media conglomerate’s local media. Billboard, "Executive Turntable: Hires at Def Jam, Plus Moves at Warner Music Group, Townsquare & More," 21 Oct. 2017 For the better part of the past two years, the company has had to deal with a looming takeover threat from French media conglomerate Vivendi, which has slowly been buying shares of the game publisher. Chris Morris, Fortune, "Ubisoft’s CEO Isn’t Playing Games," 23 Aug. 2017

Recent Examples on the Web: Verb

Computing giant International Business Machines Corp , consumer products conglomerate Procter & Gamble Co. and pharmaceutical maker Johnson & Johnson have all said that the dollar’s ascent hurt last quarter’s earnings. Ira Iosebashvili, WSJ, "Strong Dollar Casts Shadow Over Stock Market Rally," 12 Feb. 2019 And then there is Secret, the women’s deodorant brand of the consumer goods conglomerate Procter & Gamble. Kevin Draper, New York Times, "Pushed by Consumers, Some Sponsors Join Soccer’s Fight Over Equal Pay," 5 Aug. 2019 The French luxury goods conglomerate LVMH co-own the makeup brand with Rihanna, with Forbes estimating the company to be worth $3 billion, and that LVMH owns an estimated 50% of the brand while Rihanna owns about 15%. Maeve Mcdermott, USA TODAY, "Rihanna tops Forbes' list of wealthiest female musicians with eye-popping $600 million," 13 Sep. 2018 The bride’s father is the vice president of investor relations and the treasurer of Textron, a global aerospace and defense technologies conglomerate in Providence, R.I. New York Times, "Emily Salander, Felipe Maciá," 8 July 2018 For SoftBank, a deal would help the Japanese conglomerate put more money to work from its Vision Fund, which is backed largely by Saudi Arabia and Abu Dhabi sovereign-wealth funds, as well as money from SoftBank. Eliot Brown, WSJ, "WeWork in Talks With SoftBank to Double Valuation to as Much as $40 Billion," 13 June 2018 Some media had reported that Singapore Air (singy, -2.66%), Qatar Airways and conglomerate Tata Group were potential bidders, but in the end none showed up. Fortune, "A Funny Thing Happened When India Put Its National Airline Up for Sale: No One Put in a Bid," 1 June 2018 The company has reached a tentative deal to sell its Nine West and Bandolino footwear and handbag business to conglomerate Authentic Brands Group, which controls the brands of Marilyn Monroe, Elvis Presley, Muhammad Ali and others. Nathan Bomey, USA TODAY, "Nine West files for Chapter 11 bankruptcy protection," 6 Apr. 2018 Now SoftBank, a Japanese conglomerate best known in the United States for its ownership of Sprint, is looking to muscle in on this lucrative business. Landon Thomas Jr., New York Times, "SoftBank Looks to Invade Wall Street’s Turf," 11 Mar. 2018

Recent Examples on the Web: Noun

The drinks conglomerate plans to sell 1.3 billion shares of Budweiser Brewing Company APAC at a price between HK$27-HK$30, or $3.45-$3.83. Alex Nicoll, Fortune, "Why the King of Beers Just Had to Downsize its Big Asian IPO," 17 Sep. 2019 The two-year-old conglomerate was a mixture of panels, activations, and performances while focusing on music, fashion, beauty, and wellness. Nandi Howard, Essence, "The Best Style At The 2019 ENVSN Festival," 16 Sep. 2019 The allegations -- which the company strongly denies -- sent GE's stock nosediving to its worst day in 11 years and forced Culp to put out yet another fire at the sprawling conglomerate. Matt Egan, CNN, "GE's comeback was in full swing. Now it's in a dog fight with the Madoff whistleblower," 20 Aug. 2019 General Electric's stock plunged on Thursday after a whistleblower accused the conglomerate of misleading investors by allegedly engaging in a $38 billion accounting fraud. CBS News, "General Electric accused of fraud "bigger than Enron" by Madoff whistleblower," 16 Aug. 2019 First-half revenues at the music giant were up 18.4 percent, to $3.7 billion, Vivendi reported last month, contributing to a revenue spike at the entertainment conglomerate of nearly 14 percent, to $8.1 billion. Lars Brandle, Billboard, "Vivendi Enters Talks With Tencent to Sell Stake In Universal Music Group," 6 Aug. 2019 This new age of consumer email isn’t owned by Microsoft or even Google, but by Verizon, the old-guard telecommunications conglomerate. Ian Bogost, The Atlantic, "Work Ruined Email," 2 Aug. 2019 With industry interest growing, the band took a call from V2 Records, a label with hefty distribution and marketing power via the BMG conglomerate. Brian Mccollum, Freep.com, "Revealing the White Stripes: The inside story of the early years," 24 July 2019 According to Market Watch, the conglomerate’s stock has plummeted in the last year, due largely to decreasing gun and ammunition sales. Ariella Gintzler, Outside Online, "REI Brings Vista Outdoor Brands Back to Stores," 9 July 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'conglomerate.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of conglomerate

Adjective

1572, in the meaning defined above

Verb

1642, in the meaning defined at intransitive sense

Noun

1818, in the meaning defined at sense 1

History and Etymology for conglomerate

Adjective

Latin conglomeratus, past participle of conglomerare to roll together, from com- + glomerare to wind into a ball, from glomer-, glomus ball — more at clam

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Statistics for conglomerate

Last Updated

12 Sep 2019

Look-up Popularity

Time Traveler for conglomerate

The first known use of conglomerate was in 1572

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More Definitions for conglomerate

conglomerate

noun

Financial Definition of conglomerate

What It Is

A conglomerate is a corporation made up of several smaller, independently-run companies which may operate across several sectors and industries.

How It Works

Conglomerates are generally formed for two reasons: to diversify risk by participating in unrelated businesses or to expand a business within an industry to include suppliers and product purchasers.

Despite the possible benefits, conglomerates face the challenge of becoming so large that they are difficult to manage efficiently. This can lead to a lack of focus, which exacerbates managerial problems and reduces shareholder returns. This reason is why conglomerates often "spin off" subsidiaries into stand-alone entities. Corporations may also fail to realize the anticipated cost savings associated with acquisitions.

Why It Matters

The motto "the parts are worth more than the whole" is the idea behind conglomerates. They are typically very diversified businesses (although some conglomerates stick to one or two industries). This diversification and the efficiencies brought about by shared or reduced costs often make conglomerates less risky than those operating in a single market or niche. Many well-run conglomerates like Berkshire Hathaway and General Electric are much like funds in that they offer diversification and are less sensitive to general business cycles than more focused companies.

Source: Investing Answers

conglomerate

noun

English Language Learners Definition of conglomerate

: a large business that is made of different kinds of companies
technical : a kind of rock that is made from many stones of different sizes held together with hardened clay

conglomerate

noun
con·​glom·​er·​ate | \ kən-ˈglä-mə-rət How to pronounce conglomerate (audio) \

Kids Definition of conglomerate

1 : a mass (as a rock) formed of fragments from various sources
2 : a corporation engaging in many different kinds of business

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conglomerate

adjective
con·​glom·​er·​ate | \ kən-ˈgläm-(ə-)rət How to pronounce conglomerate (audio) \

Medical Definition of conglomerate

 (Entry 1 of 3)

: made up of parts from various sources or of various kinds

conglomerate

verb
con·​glom·​er·​ate | \ -ə-ˌrāt How to pronounce conglomerate (audio) \
conglomerated; conglomerating

Medical Definition of conglomerate (Entry 2 of 3)

transitive verb

: to gather (something) into a mass or coherent whole

intransitive verb

: to gather into a mass or coherent whole

Other Words from conglomerate

conglomerative \ -​ˈgläm-​(ə-​)rət-​iv, -​ə-​ˌrāt-​ How to pronounce conglomerative (audio) \ adjective

conglomerate

noun
con·​glom·​er·​ate | \ -(ə-)rət How to pronounce conglomerate (audio) \

Medical Definition of conglomerate (Entry 3 of 3)

: a composite mass or mixture

conglomerate

noun
con·​glom·​er·​ate | \ kən-ˈglä-mə-rət How to pronounce conglomerate (audio) \

Legal Definition of conglomerate

: a widely diversified company especially : a corporation that acquires other companies whose activities are unrelated to the corporation's primary activity

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