Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
A-Brands

Buffett: Consumer Packaged Goods Industry ‘Still A Terrific Business’

Berkshire Hathaway CEO Warren Buffett has said that the consumer goods industry is “still a terrific business” to be in, adding that 3G Capital, which helped to orchestrate the merger of Kraft and Heinz in 2015, is working hard to cut unnecessary costs out of the business.

"The 3G people have gone into certain situations where there were probably […] a lot of expenses that were not delivering a dollar of value for a dollar expended,” Buffett told Berkshire Hathaway’s annual general meeting in Omaha, Nebraska.

“They made changes very fast to a situation that probably shouldn't have existed in the first place.”

PLEASE SUBSCRIBE OR SIGN IN TO CONTINUE READING

30 Day Free Trial

Try European Supermarket Magazine Premium

Enjoy full access to European Supermarket Magazine, our weekly
email news digest, access to all website and app content, and the latest digital
magazine for a full 30 days.

  • - Payment details required during trial sign up.
  • - You may cancel at any time up to the end of the 30-day trial period.
  • - If you continue after the trial perion, then the annual rate of €109+VAT will be debited.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days