The U.S. subsidiary was put up for sale in 1997.

He was appointed president of the U.S. subsidiary in 1962.

"The U.S. subsidiary probably faces some of the greatest challenges for the company," he said.

The proposed was to restrict lobbying by U.S. subsidiaries of foreign firms.

Can the Reichmanns remain in control of their company's U.S. subsidiary?

She goes on to say that an American ambassador protected the U.S. subsidiaries.

Originally the US subsidiary was to be headquartered in New York.

The U.S. subsidiary also contributes to Tama's market research and development.

Larco's US subsidiary began providing management consulting and advisory services in December 2001.

But the company's faltering US subsidiary, which was hauled back to profit last year, saw revenues slump 17%, resulting in £1.4m operating losses.