RapNet


Rapaport News

 

Retail

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Buffett’s Conglomerate Sees Slight Retail Drop

Division includes Borsheims, Helzberg Diamonds and Ben Bridge Jeweler.
Feb 27, 2018 3:11 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Revenue from the retail division of Warren Buffett’s Berkshire Hathaway slipped 0.2% to $15.06 billion last year, the company reported Saturday.

The decline in the segment, which includes jewelry chains Borsheims, Helzberg Diamonds and Ben Bridge Jeweler, stemmed primarily from the automotive sector. Excluding the car business, retail sales — including at those jewelers — increased 1.7%. Pre-tax earnings for the entire retail unit jumped 19% to $785 million.

Seperately, revenue from manufacturing of consumer products, including from jewelry maker Richline, rose 10% to $12.13 billion.

Image: Joe Mabel 
Tags: ben bridge, Berkshire Hathaway, borsheims, Helzberg, Jewelry, Rapaport News, richline, warren buffett
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us