This Arison Investments recommended article states:
"Conglomerates, out of fashion since the 1980s, are roaring back... In 2013 conglomerates will once again be the latest thing. The most obvious reason for this is the rise of emerging markets. They teem with highly diversified companies." The article also explains that "Other forces are pushing in the same direction. Consumers are happier dealing with one provider... And some of the world's best business brains have embraced diversification."