The Paris-based LVMH owns famous subsidiaries like Louis Vuitton, Christian Dior, Givenchy, and Hennessy.

总部位于巴黎的LVMH集团拥有路易·威登、克里斯蒂安·迪奥、纪梵希和轩尼诗等著名子公司。

The shake-up aims to recast IBM as a federation of flexible and competing subsidiaries.

此次改组旨在将IBM重组为一个灵活且相互竞争的子公司联盟。

Many have subsidiaries in the region.

许多公司在该地区都有分支机构。

Also, the insurance subsidiaries are ring-fenced.

同时，AIG的保险子公司也受到了保护。

Wesco is one of Berkshire's more than 80 subsidiaries.

韦斯科金融公司是伯克希尔·哈撒韦公司80家子公司之一。

However, setting up subsidiaries locally helps reduce obstacles.

不过在当地设立子公司有助于减少这样的障碍。