Ocean Village (company)
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Ocean Village (company)
Ocean Village was a British-American owned cruise line, based in Southampton, Hampshire, UK. Designed to offer an alternative cruise experience, Ocean Village was founded by P&O Princess Cruises, which later merged with Carnival Corporation to form Carnival Corporation & plc. Ocean Village operated from 2003, until 2010 when the brand was discontinued, with the cruise ship ''Ocean Village'' transferring to P&O Cruises Australia. History Ocean Village was formed in 2003 as a sister company to P&O Cruises, providing an alternative cruise experience, targeting families and those looking for casual dress codes and fun events as opposed to formal dining. The target audience was 30 to 50 years old and with the cruise concept of freedom and flexibility on board with regard to food, clothing, and entertainment. A secondary target was families, with extensive family facilities. The company's slogan was "the Cruise for people who don't do cruises" and the company extended this policy ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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