Take context from the input text and decide on the accurate relationship between 'Bouygues' and 'conglomerate' from the options provided.
Options: business division, member of, distribution format, industry

PARIS (Reuters) - French conglomerate Bouygues (BOUY.PA) raised its full-year core earnings and cost savings targets for its telecom business on Thursday as it posted a 51 percent rise in first-half group current operating profit.
industry