Best Practice: Parent & Child Customers - Multiple Brands, Locations

Hello,

We are a One World account and have multiple brands (Brand A - Shoes, Brand B - Jewelry, Brand C - Clothing, Brand D-Eyewear).  We are transitioning our customers from a one customer model to a parent child customer structure.  My question is would adopting a parent child hierarchy by brand be the best way to manage multiple locations and multiple brands?  See example below:

(parent) Customer XYZ

   (sub customer) Customer XYZ :1 - Brand A - Location 1

   (sub customer) Customer XYZ :2 - Brand B - Location 1

   (sub customer) Customer XYZ - Brand C - Location 1

   (sub customer) Customer XYZ :4 - Brand D - Location 1