a group of Japanese businesses that are closely linked through shareholding, etc, and form a strong corporate unit
Banks are the linchpin of their keiretsu, or corporate grouping, around which muchof Japanese industry is based.
A distribution keiretsu was developed with four primary wholesalers who control abouttwo-thirds of the Japanese market today.
b.
(as modifier)
keiretsu groups
2.
a non-Japanese business conglomerate similar to a keiretsu
The Durant keiretsu was still based on the belief that management means command andcontrol; this was why Durant bought all the companies that became part of GeneralMotors's keiretsu.
keiretsu in American English
(kaɪˈrɛtsu)
Japan
nounWord forms: plural Japan keiˈretsu (kaɪˈrɛtsu)
in Japan, an association of corporations joined by reciprocal shareholder arrangements or by agreements among the members to deal exclusively or preferentially among themselves