Get the app today! Download iPhone App Download Android App

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

Published on May 7 2018 9:19 AM in A-Brands tagged: Featured Post / Warren Buffett / 3G Capital / Kraft Heinz / Paywall / Charlie Munger

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

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on LinkedIn Share on Tumblr Share via Email