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Petalstone Group: Difference between revisions
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'''Petalstone Group''' is a [[Caphirian]] global electronics and media conglomerate headquartered in the [[Bravantiva|Bravantiva Province]] of the [[Imperium of Caphiria]]. It operates as a subsidiary of the [[Venio-Porza Sodesterium]] and comprises of numerous affiliated businesses, most of them united under Petalstone's flagship brand. | '''Petalstone Group''' is a [[Caphirian]] global electronics and media conglomerate headquartered in the [[Bravantiva|Bravantiva Province]] of the [[Imperium of Caphiria]]. It operates as a subsidiary of the [[Venio-Porza Sodesterium]] and comprises of numerous affiliated businesses, most of them united under Petalstone's flagship brand. | ||
Petalstone was founded in | 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 construction and shipbuilding industries in the mid-1990s; these areas would drive its subsequent growth. 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. | ||
Today, Petalstone operates under three main business divisions: '''Electronics''' (AV, IT & communication products, semiconductors, video games, network services and medical business, home appliances and consumer electronics), '''Pictures Entertainment''' (theatrical motion pictures, television programs, and recorded videos), and '''Music Entertainment''' (record labels and music publishing). As a result, Petalstone operates the third-largest entertainment business, is among the semiconductor sales leaders and since 2020, the fifth-largest television manufacturer in the world. | Today, Petalstone operates under three main business divisions: '''Electronics''' (AV, IT & communication products, semiconductors, video games, network services and medical business, home appliances and consumer electronics), '''Pictures Entertainment''' (theatrical motion pictures, television programs, and recorded videos), and '''Music Entertainment''' (record labels and music publishing). As a result, Petalstone operates the third-largest entertainment business, is among the semiconductor sales leaders and since 2020, the fifth-largest television manufacturer in the world. | ||
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Outside of its core business divisions, Petalstone has several additional businesses that function as quasi-independent operating subsidiaries, including Petalstone Electronics (the flagship company of its electronics division and the world's 2nd-largest information technology company, consumer electronics maker and chip-maker measured by 2020 revenues), 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). | Outside of its core business divisions, Petalstone has several additional businesses that function as quasi-independent operating subsidiaries, including Petalstone Electronics (the flagship company of its electronics division and the world's 2nd-largest information technology company, consumer electronics maker and chip-maker measured by 2020 revenues), 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). | ||
Petalstone was acquired by the Venio-Porza Sodesterium in | Petalstone was acquired by the Venio-Porza Sodesterium in 2009 for $235 billion in a half-cash, half-stock deal. Despite being known for its defense and military related business and companies, Petalstone is the most profitable investment within the entire Sodesterium, generating almost a quarter of its revenue. As of 2020, Petalstone has the 6th highest global brand value. Since its acquisition by VPS, 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 == | ||