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| hq_location_country = [[Caphiria]]
| hq_location_country = [[Caphiria]]
| area_served = Worldwide
| area_served = Worldwide
| key_people = {{ubl|Giovari Parofantone (President)| Navia Reschetta (Vice President)}}
| key_people = {{ubl|[[Alexandus Venio II]] (Co-Chairman)|[[Sando Porza]] (Co-Chairman)|Giovari Parofantone (Principal Executive)|Navia Reschetta (Vice Principal Executive)}}
| products = Apparel, automotive, chemicals, consumer electronics, electronic components, medical equipment, semiconductors, solid state drives, DRAM, ships, telecommunications equipment, home appliances
| products = Apparel, automotive, chemicals, consumer electronics, electronic components, medical equipment, semiconductors, solid state drives, DRAM, ships, telecommunications equipment, home appliances
| brands =  
| brands =  
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| net_income = {{increase}} $135 billion
| net_income = {{increase}} $135 billion
| assets = $300 billion
| assets = $300 billion
| owner = {{ubl|[[Venio-Porza Sodesterium]] (51%)}}
| owner = {{ubl|[[Juno (company)|Juno]] (51%)}}
| parent =  
| parent =  
| divisions = {{ubl|Petalstone Electronics|Petalstone Music Entertainment|Petalstone Pictures Entertainment}}
| divisions = {{ubl|Electronics|Music Entertainment|Pictures Entertainment}}
| subsid = {{ubl|Petalstone Electronics|Petalstone Engineering|Petalsone Construction & Trading|Petalstone Heavy Industries|Petalstone Consulting Services|Petalstone Insurance|Rosewood-Meranti Worldwide}}
| subsid = [[Petalstone_Group#Organization|List of subsidiaries]]
}}
}}
'''Petalstone Group''' (stylized as '''PΞTALSTONΞ)''' is a Caphirian global electronics and media conglomerate. The Petalstone Group comprises of numerous affiliated businesses, most united under the flagship ''Petalstone'' brand. Since 2011, it has been majority-owned by the [[Venio-Porza Sodesterium]], the [[Sodesterium|''sodesterium'']] owned by business magnates [[Alexandus Venio II]] and [[Sando Porza|Sando Theodatelio Porza]].  
'''Petalstone Group''' (stylized as '''PΞTALSTONΞ GROUP'''), commonly known as '''Petalstone Inc.''', is a multinational electronics and media conglomerate based in [[Caphiria]]. It operates as a ''[[sodesteri|sodesterium]]'' - a special holding company with interlocking businesses in a cross-shareholding relationship which are controlled through a complex ownership structure. Petalstone has three main business divisions (Electronics, Pictures Entertainment, Music Entertainment) and activities in construction, consumer electronics, financial services, shipbuilding, and medical services. Petalstone is organized into 6 core business groups - [[Petalstone Electronics]], [[Petalstone Pictures]], [[Petalstone Music]], [[Petalstone Life]], [[Rosewood-Meranti Worldwide]], and [[Petalstone Heavy Industries]]. Petalstone Group also contains numerous privately-held companies that are loosely affiliated, such as Petalstone Engineering and Petalstone C&T (the world's 13th and 36th largest construction companies, respectively), [[Vescor Hospitality]] (an international luxury hospitality conglomerate), and [[Petalstone Medical Center]] (4th-largest medical center in [[Audonia]]), among others.  


Petalstone was founded in 1957 as a trading company focusing on food processing, textiles, insurance, securities, and retail. It entered the electronics industry in 1969 and the construction and shipbuilding industries in the mid-1990s; these areas would drive its subsequent growth. After its IPO in 1970, the company expanded internationally and since 2000, Petalstone has increasingly globalized its activities and electronics; in particular, its electronics and entertainment sectors have become its most important source of income.
Established in 1957, Petalstone initially focused on diverse sectors such as food processing, textiles, insurance, securities, and retail. The company ventured into the construction and shipbuilding industry in 1964 and subsequently branched out into electronics during the mid-1970s, these areas underpinning its growth. Following its IPO in 1988, Petalstone expanded its global presence, with its electronics and entertainment sectors emerging as primary income sources since 2001. Between 2002-2008, [[Juno (company)|Juno]] - a [[Sodesterium|private corporate entity]] owned by business tycoons [[Alexandus Venio II]] and [[Sando Porza]] - initiated a gradual hostile takeover of many of Petalstone's loosely-affiliated organizations, thereby acquiring a controlling interest in Petalstone Inc. In late 2009, Juno announced its intent to purchase a majority stake in Petalstone, which was approved by regulators on 1 November 2011. Under the leadership of Venio II and Porza, Petalstone went through a global reorganization and restructuring process, resulting in the merging and consolidation of its diverse range of business interests. Subsequently, Petalstone shifted to focus on growing its existing portfolio and on "promoting" its companies to go pubic. Since 2024, Petalstone has promoted three of its companies via reverse merger: Petalstone Life Insurance (top ten-largest insurance company in the world; Rosewood-Meranti Worldwide (world's 7th largest advertising agency); and Petalstone Heavy Industries (world's 3rd-largest machinery, electric, engineering firm).


The Petalstone Group is divided into two categories - Listed and Unlisted. Listed companies are publicly traded and organized into 3 operating subsidiaries: '''Petalstone Electronics''' (AV, IT & communication products, semiconductors, video games, network services and medical business, home appliances, and consumer electronics), '''Petalstone Pictures Entertainment''' (theatrical motion pictures, television programs, and recorded videos), and '''Petalstone Music Entertainment''' (record labels and music publishing).  
Globally, its electronics business unit is one of the largest manufacturers of televisions, mobile phones, memory chips, and semiconductor chips, as well as the second-largest technology company in terms of revenue; Petalstone Music is one of the Big 3 global music corporations, with artists such as [[Adriana Dutra]], [[Zenza]], [[CHRONICLE]], and owning the publishing rights to over 5 million compositions; Petalstone Pictures is one of the global Big Five film production/distribution companies with revenues of $10 billion and have released no less than two of the highest-grossing films worldwide per year since 2027. Petalstone holds the fifth-highest global brand value, ranks third in the entertainment business sector, is among the leaders in semiconductor sales, and, since 2020, stands as the third-largest television manufacturer worldwide. Since its acquisition by Juno, Petalstone has undertaken numerous environmental initiatives, such as pledging to cease the use of coal and transition to 100% renewable energy. Additionally, it has set an industry precedent by becoming the first electronics manufacturer to completely phase out the use of polyvinyl chloride (PVC) and brominated flame retardants (BFRs) across all its products.


Outside of its core business divisions, Petalstone Group has several additional businesses that function as quasi-independent operating subsidiaries. Many of these are called unlisted as they are privately-held companies of the Petalstone Group, These unlisted companies may include Petalstone Heavy Industries (the world's fifth-largest shipbuilder) and Petalstone Engineering and Petalstone C&T (respectively, the world's 13th and 36th largest construction companies). Other notable subsidiaries include Petalstone Life Insurance (the world's 10th largest life insurance company), Petalstone Certi (operator of the Certi Resort chains), and Rosewood-Meranti Worldwide (the world's 7th largest advertising agency).
Venio II and Porza serve as co-chairs of Petalstone Group while Giovari Parofantone has been the company's Principal Executive since 2020.


From 2002 to 2008, the Venio-Porza Sodesterium acquired a controlling interest in Petalstone.In early 2009, the ''sodesterium'' announced a $300 billion proposal to acquire 51% of the Petalstone Group, giving them majority ownership. The deal was approved on 1 November 2011.
Today, Petalstone has the 6th highest global brand value, operates the third-largest entertainment business, is among the semiconductor sales leaders, and since 2020, the fifth-largest television manufacturer in the world. Under the Venio-Porza Sodesterium's ownership, Petalstone has launched numerous environmental practices and initiatives, such as committing to ending its use of coal and shifting to 100% renewable clean energy, and being the first electronics manufacturer to fully eliminate all polyvinyl chloride (PVC) and brominated flame retardants (BFRs) in its complete product line.
== History ==
== History ==
== Corporate information ==
== Corporate information ==
=== Corporate governance ===
=== Corporate governance ===
Since 2011, Petalstone Group is under direct governance and receives oversight from the Venio-Porza Sodesterium's co-chairs, [[Alexandus Venio II]] and [[Sando Porza]]. Their "pilot/co-pilot" management system of a two-person team of a President (or Principal) and Vice President (or Vice Principal) sharing responsibilities was implemented in the first part of its "Vision MMXX" reorganization and restructuring process.
Since 2011, Petalstone Group is under direct governance and receives oversight from Juno's co-chairs, [[Alexandus Venio II]] and [[Sando Porza]]. Their "pilot/co-pilot" management system of a two-person team of a President (or Principal) and Vice President (or Vice Principal) sharing responsibilities was implemented in the first part of its "Vision MMXX" reorganization and restructuring process. Consequently, the day-to-day affairs are executed by Giovari Parofantone, Principal Executive, and Navia Reschetta, Vice Executive. They are supported by the executive management team, which includes the heads of each organization and division.
 
Phase II of Vision MMXX saw the reorganization of Petalstone Electronics, its flagship company. The company's logistics and operations were streamlined, and various divisions across Petalstone Group such as digital imaging, existing display, IT solutions, wireless, networking, semiconductor, and more were merged into Petalstone Electronics. Petalstone Music and Petalstone Pictures went through similar streamlining processes.
 
Phase III Vision MMXX came in 2016, with the acquisition of a prominent textile firm, [[Cambicenti Company]]. This led to Petalstone Group's fashion, food, housing, leisure, and bio businesses merging with its Engineering & Construction, Trading & Investment, Fashion, and Resort & Construction subsidiaries. The resulting mergers established 6 new firms - Petalstone Engineering, Petalstone Construction, Petalstone T&I (Trading & Investment), Petalstone M&C (Materials & Chemicals), Petalstone H&B (Healthcare and Biotechnology), and Petalstone RST (Research, Science & Technology).


Petalstone Group is co-ran by the President/Principal Executive and Vice President/Vice Executive.  
Phase IV of Vision MMXX started in 2018 with the formation of Petalstone Life Insurance, which originally provided life, health insurance, and annuities to its employees (through Juno, it would additionally represent employees of [[Quicksilver Industries]]). Petalstone Life remained private until late 2023 when it was announced that it would go public via a reverse merger. Petalstone Life quickly grew and attained a market-leading position after just 18 months of operations and is in the top ten-largest life insurance companies in the world.
====== Board of Directors ======
{{div col|colwidth=35em}}
* Alexandus Venio II, (Co-chairman of Petalstone Group)
* Sando Porza, (Co-chairman of Petalstone Group)
* Giovari Parofantone, (Principal Executive of Petalstone Group)
* [[Ronan Rentius]], (non-executive director)
* Sarino Antellion, (Founder of [[Valtari]])
* Marcus Geminus, (CEO of [[Aestrum Group#Corporate & Investment Banking|CIB Aestrum]])
* Ludoro Edonsere, (non-executive director)
* [[Julian Hassler]], (CEO of [[Axiom S.A.|Axiom Communications]]){{div col end}}


Phase II of Vision MMXX saw the reorganizing of Petalstone's overseas marketing bases in line with changes in the market, including a combined [[Crona|Cronan]] regional subsidiary and [[Alshar|Alshari]]-[[Audonia|Audonian]] regional subsidiary. The digital imaging, existing display, IT solutions, consumer electronics, wireless, networking, semiconductor, and LCD divisions were merged into the consumer electronics division of Petalstone Electronics.
====== Executive management ======


Phase III Vision MMXX came in 2016, with the acquisition of a prominent textile firm, [[Cambicenti Company]]. This led to Petalstone's fashion, food, housing, leisure, and bio businesses merging with its Engineering & Construction, Trading & Investment, Fashion, and Resort & Construction subsidiaries. The resulting merger established Petalstone C&T (Construction & Trading). Petalstone C&T was then organized into four working groups (Engineering & Construction, Trading & Investment, Fashion, and Resorts).
* Giovari Parofantone, Principal Executive of Petalstone Group
** Navia Reschetta, Vice Executive of Petalstone Group
*** Aliator Mantum, Principal Strategy Executive of Petalstone Group
*** Justius Besorita, Principal Finance Executive of Petalstone Group
** Dragaro Condatera, Principal Executive of [[Petalstone Electronics]]
** Sorio Dianvecco, Principal Executive of [[Petalstone Music|Petalstone Music Entertainment]]
** Isatus Ossonia, Principal Executive of [[Petalstone Pictures|Petalstone Pictures Entertainment]]
** Fedolas Krancastri, President of Petalstone Life Insurance
** Coscăr Arbarse, President of Rosewood-Meranti Worldwide
** Roctarto Metroschi, President of Petalstone Heavy Industries


Phase IV of Vision MMXX started in 2018 with the formation of Petalstone Life Insurance, which originally provided life, health insurance, and annuities to its employees (and through the Venio-Porza Sodesterium, it would additionally represent all of Quicksilver Industries). Petalstone Life remained private until late 2018 when it was announced that it would go public via a reverse merger and offer its products and services to the public. Petalstone Life quickly grew and attained a market-leading position after just 18 months of operations and is in the top ten-largest life insurance companies in the world.
=== Executive management ===
{| class="wikitable"
! colspan="2" |Executive management
|-
!Name
!Position(s)
|-
|[[Alexandus Venio II]]
|Co-chairman of Petalstone Group
|-
|[[Sando Porza]]
|Co-chairman of Petalstone Group
|-
| colspan="2" |
|-
|Giovari Parofantone
|President and Principal Executive of Petalstone Group
|-
|Navia Reschetta
|Vice President and Vice Executive of Petalstone Group
|-
|Aliator Mantum
|Principal Strategy Executive of Petalstone Group
|-
|Justius Besorita
|Principal Finance Executive of Petalstone Group
|-
|Dragaro Condatera
|Principal Executive of [[Petalstone Electronics]]
|-
|Juvenlius Ubilia
|Principal Executive of Petalstone Music Entertainment
|-
|Isatus Ossonia
|Principal Executive of Petalstone Pictures Entertainment
|}
== Organization ==
== Organization ==
Petalstone employs 335,100 across its three core divisions and an additional 120,000 throughout its various affiliated businesses.  
Petalstone employs 335,100 across its three core divisions and an additional 120,000 throughout its various affiliated businesses.  


Petalstone Group is comprised of 8 listed companies and 14 unlisted companies. The ''de facto'' flagship company of Petalstone is Petalstone Electronics Inc., commonly referred to as simply "Petalstone" since it is the most consumer-facing brand of the company.
Petalstone Group is comprised of 6 listed companies and 14 unlisted companies. The ''de facto'' flagship company of Petalstone is Petalstone Electronics Inc., commonly referred to as simply "Petalstone" since it is the most consumer-facing brand of the company.
{| class="wikitable"
{| class="wikitable"
! colspan="2" |Petalstone Group
! colspan="2" |Petalstone Group
|-
|-
|Listed Companies
|'''Listed Companies'''
|Unlisted Companies
|'''Unlisted Companies'''
|-
|-
|[[Petalstone Electronics|Petalstone Electronics Inc.]]
|[[Petalstone Electronics|Petalstone Electronics Inc.]]
|Petalstone Engineering
|Petalstone Engineering LC
|-
|-
|Petalstone Music Entertainment Inc.
|[[Petalstone Music|Petalstone Music Entertainment Inc.]]
|Petalstone C&T
|Petalstone Construction LC
|-
|-
|Petalstone Pictures Entertainment Inc.
|[[Petalstone Pictures|Petalstone Pictures Entertainment Inc.]]
|Petalstone Certi
|Petalstone Trading & Investment LC
|-
|-
|Petalstone Life Insurance Inc.
|Petalstone Life Insurance Inc.
|Petalstone Medical
|Petalstone Materials & Chemicals LC
|-
|-
|Rosewood-Meranti Worldwide
|Rosewood-Meranti Worldwide
|Petalstone Consulting Services
|Petalstone Healthcare and Biotechnology LC
|-
|-
|Petalstone Heavy Industries
|Petalstone Heavy Industries
|Petalstone Research
|Petalstone Research, Science & Technology LC
|-
| rowspan="6" |
|Petalstone Foundation
|-
|-
|Petalstone Sports
| rowspan="3" |
|Petalstone Financial Services LC
|-
|-
|Petalstone Science & Technology
|[[Certi Resorts|Vescor Hospitality]]
|-
|-
|Petalstone Center of Innovation
|Petalstone Center of Innovation
|-
|Petalstone Computing
|-
|Petalstone Healthcare and Biotechnology
|}
|}
=== Listed companies ===
=== Listed companies ===
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Petalstone Electronics is among the world's largest television manufacturers, manufacturers of mobile phones, memory chips manufacturers, semiconductor chip makers, and the second-largest technology company by revenue. Dragaro Condatera is the Principal Executive of Petalstone Electronics and oversees the entire company of Petalstone Electronics and Electronics business unit.
Petalstone Electronics is among the world's largest television manufacturers, manufacturers of mobile phones, memory chips manufacturers, semiconductor chip makers, and the second-largest technology company by revenue. Dragaro Condatera is the Principal Executive of Petalstone Electronics and oversees the entire company of Petalstone Electronics and Electronics business unit.
==== Petalstone Pictures Entertainment ====
==== Petalstone Pictures ====
Petalstone Pictures Entertainment Inc. (known simply as Petalstone Pictures and abbreviated as PPE) is the television and film production/distribution unit of Petalstone. PPE produces, acquires, and distributes filmed entertainment (theatrical motion pictures, television programs, and recorded videos) through multiple platforms.
Petalstone Pictures Entertainment Inc. (known simply as Petalstone Pictures and abbreviated as PPE) is the television and film production/distribution unit of Petalstone. PPE produces, acquires, and distributes filmed entertainment (theatrical motion pictures, television programs, and recorded videos) through multiple platforms.


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Isatus Ossonia has been Principal Executive of Petalstone Pictures Entertainment since his appointment in 2002 and is due to retire at the expiration of his contract in 2040.
Isatus Ossonia has been Principal Executive of Petalstone Pictures Entertainment since his appointment in 2002 and is due to retire at the expiration of his contract in 2040.
==== Petalstone Music Entertainment ====
==== Petalstone Music ====
Petalstone Music Entertainment Inc'''.''' is the music entertainment business unit of Petalstone. It is one of the largest global recorded music companies and one of the largest music publishers in the world. Petalstone Music owns the publishing rights to over 5 million compositions.
[[Petalstone Music|Petalstone Music Entertainment Inc'''.''']] is the music entertainment business unit of Petalstone. It is one of the largest global recorded music companies and one of the largest music publishers in the world. Petalstone Music owns the publishing rights to over 5 million compositions. Petalstone Music operates 5 flagship record labels: Petalstone Records, Vescona Music, Molată Entertainment, Devecus Records, and Pegasus Records. Petalstone Music also operates over 20 genre-specific sub-labels
 
From 2009 to 2023, PME invested approximately $300 million into music streaming company [[Songbird]]. In Q4 2023, PME [[Songbird#Failed acquisition from Petalstone|attempted to leverage a full acquisition of Songbird in a $5 billion deal]]. Negotiations of the deal went on for some time, and a failure to reach an agreement on licensing deals as well as an antitrust investigation put the acquisition on indefinite hold. Today, Petalstone Music holds a 10% stake in Songbird and continues to advocate for its innovative approach to music distribution and artist empowerment.
 
Sorio Dianvecco has been the Principal Executive of Petalstone Music Entertainment since 2020. PME has posted revenues of $15 billion in 2030.


Petalstone Music Entertainment operates three flagship labels, Petalstone Music, Alloy Recordings, and Songbird Entertainment. Within that, it also operates 20 genre-specific sub-labels. PME is notable for spending large sums to acquire the rights to the catalogs of some of the world's most successful artists, such as [[Zenza]].
==== Petalstone Life Insurance ====


PME invested heavily in [[Songbird|Songbird Media]] in late 2012 and increased its investment to a majority stake after it went public in 2018. In Q4 2036, PME announced its intention to acquire Songbird for $55 billion fully. Negotiations of the deal went on for some time but concluded in February 2037.
==== Rosewood-Meranti Worldwide ====


Juvenlius Ubilia has been the Principal Executive of Petalstone Music Entertainment since 2018. PME has posted revenues of $15 billion in 2035.
==== Petalstone Heavy Industries ====
=== Unlisted companies ===
[[Category:Caphiria]]
[[Category:Caphiria]]
[[Category:Companies in Caphiria]]
[[Category:Companies in Caphiria]]
[[Category:Companies]]
[[Category:Companies]]
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