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...The 72-year-old Jain heads the insurance operations that underpin Berkshire, providing the cheap capital that has allowed Buffett to build a conglomerate spanning businesses from Duracell batteries to railroad...
...72-year-old Jain heads the insurance operations that underpin Berkshire, providing the cheap capital that has allowed Buffett to build a conglomerate rare in American history, owner of businesses from Duracell...
...It also reported “lower revenues at . . . nearly all of our other consumer products operations”, which includes battery brand Duracell, clothing company Fruit of the Loom and motorhome company Forest River...
...Omaha-based Berkshire, which owns a series of large insurers alongside other companies such as battery maker Duracell and minority stakes in businesses such as food group Kraft Heinz, said on Monday it would...
...So he may be something of a Duracell bunny, but he can decide how Varta go . . ....
...Sales at battery-maker Duracell and RV manufacturer Forest River both slid, while the unit that includes Fruit of the Loom also saw revenues decline....
...Several of Berkshire’s consumer businesses faced challenges during the quarter, with revenues falling at the Duracell battery business, RV manufacturer Forest River, and the See’s Candies unit....
...strength of its industrials business, which includes Precision and Lubrizol, Berkshire reported higher pre-tax earnings from its divisions that focus on homebuilding and consumers — the latter includes the Duracell...
...Fox has now sold six-second ads during the August Teen Choice Awards and during National Football League games to brands including Procter & Gamble’s Old Spice, Mars’s Snickers and Twix bars and Duracell...
...The Omaha, Nebraska-based conglomerate, whose collection of businesses also includes Dairy Queen, the Duracell battery company, and Benjamin Moore paints, said net income fell nearly 15 per cent from a year...
...The sprawling empire Berkshire has amassed, which took its roots from a textile company established in the 1800s, now includes the likes of Dairy Queen, NetJets, Geico, Fruit of the Loom, Duracell, Lubrizol...
...David Taylor, chief executive, said: We achieved a significant milestone this quarter in the transformation of the product portfolio with the sale of the Duracell business....
...Revenues across Berkshire rose 6 per cent to $54.5bn, partly thanks to the addition of Precision Castparts, an aerospace industry supplier, and Duracell batteries, two recent acquisitions....
...In addition, he has aided Mr Buffett on Berkshire’s acquisitions of Duracell and Precision Castparts and been given the chairmanship of a small subsidiary company....
...P&G said its Duracell battery brand and cosmetics, fragrances, salon professional and hair colour lines would remain with SMG. SMG said it was “proud of our partnership with P&G over the years”....
...Tax on the capital gain will not be paid unless and until Berkshire sells Duracell, another $1bn-plus tax liability that may never come due. The Duracell deal was the third such asset swap in a year....
...Duracell had been part of Gillette. “I have always been impressed by Duracell, as a consumer and as a long-term investor in P&G and Gillette,” Mr Buffett said....
...its Marketplaces and PayPal businesses ● Kimberly-Clark, the tissue and nappy manufacturer, planning to spin off its healthcare business ● Procter & Gamble announcing its intention to spin off its Duracell...
...The enterprise value of Duracell is $2.9bn ($4.7bn – $1.8bn). P&G says that represents a 7 times cash flow multiple....
...Mr Combs was instrumental in the recent purchase of Duracell from Procter & Gamble....
...Shares of Procter & Gamble climbed 2 per cent to $85.16 after it announced it would exit its Duracell battery business....
...Just last week he added Duracell, the batteries maker....
...P&G’s Duracell with its Power Matters Alliance, a German carmaker consortium and companies grouped around the Consumer Electronics Association are other players....
...When he agreed to endorse a Duracell product, not only did he take a fee, he became an investor in the venture. Mr Greenburg believes it is this thinking that sets the rapper apart as an entrepreneur....
...They were the speciality of Powermat before it combined in a joint venture with the battery maker Duracell....
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