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Berkshire acquired Dairy Queen in 1997 for $585 million in cash and stock. The simple restaurant franchise model appealed to Buffett, who also has invested in other well-known consumer brands...
This is a list of subsidiaries, equities, and cash equivalents owned by multinational holding company Berkshire Hathaway.
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International Dairy Queen, Inc. (DQ) is an American multinational fast food chain founded in 1940 and currently headquartered in Bloomington, Minnesota. The first Dairy Queen was owned and operated by Sherb Noble and first opened on June 22, 1940, in Joliet, Illinois.
- Restaurant
- Bloomington, Minnesota, US
- June 22, 1940; 83 years ago in Joliet, Illinois, US
- Warren Buffett, Troy Bader (President and CEO)
- GEICO. If you watch any TV at all, you've likely seen GEICO's funny commercials, some of which feature a gecko. GEICO has grown into a major insurer from its beginnings as the Government Employees Insurance Company.
- Fruit of the Loom. Buffett's empire stretches far and wide, from highly sophisticated pilot-training technology to … underwear. Fruit of the Loom, tracing its roots back to 1851 and purchased by Berkshire in 2002, actually makes and sells much more than underwear, offering sleepwear, sweatshirts, T-shirts, and even face masks.
- BNSF Railway. In 2010, Berkshire Hathaway made its biggest acquisition to date, gobbling up the BNSF Railway Company with the Burlington Northern Santa Fe Corp.
- See's Candies. Berkshire Hathaway's association with See's Candies goes back to 1972, though the candy company itself has been around since 1921. Today, it's making more than 26 million pounds of candy every year, featuring everything from chocolates to peanut brittle to lollipops and more.
Dec 23, 2022 · Warren Buffett's Berkshire Hathaway acquired Dairy Queen for nearly $600 million in 1998. Dairy Queen CEO Troy Bader told Insider that Berkshire's ownership lets him invest for the long run....
In 1987, Berkshire Hathaway purchased a 12% stake in Salomon Inc., making it the largest shareholder and Buffett a director. In 1990, a scandal involving John Gutfreund (former CEO of Salomon Brothers ) surfaced.
