Return of the Giants

Adrian Wooldridge writes in the Economist’s “The World in 2013” edition that ‘conglomerates, out of fashion since the 1980’s, are roaring back’.  He argues that conglomerates will once again be the latest thing in 2013 due to the rise of emerging markets in the developing world, and an increasing ‘risk-averse’ culture within VC and bank circles in the West.  He predicts that 500 of the biggest American companies are sitting on more than $1 trillion in cash and will be looking to invest it in new and diverse ventures in areas beyond their core competencies.

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