The Conglomerates industry is a sector of the economy that consists of companies that own and operate a variety of businesses in different industries. Conglomerates are large, diversified companies that own and manage a variety of subsidiaries. These subsidiaries may be in different industries, such as manufacturing, retail, finance, and services. Conglomerates are typically large, multinational companies that have a presence in multiple countries. They often have a wide range of products and services, and they may have a global reach. Conglomerates are often seen as a way to diversify a company's portfolio and reduce risk.