News

Advanced Search

Retail Sales Rise at Berkshire Hathaway

Feb 24, 2020 7:05 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Revenue from the retail division of Warren Buffett’s Berkshire Hathaway rose 2.5% to $16 billion in 2019, the company reported Saturday.

The increase for the segment, which includes jewelry chains Borsheims, Helzberg Diamonds and Ben Bridge Jeweler, was boosted primarily by the company’s car business. Pretax earnings for the entire retail unit grew 1.6% to $874 million for the year.

Revenue from manufacturing of consumer products, which includes jewelry maker Richline Group, slipped 6% to $11.81 billion.

Image: A Helzberg Diamonds store in New Jersey. (Shutterstock)
Tags: Ben Bridge Jeweler, Berkshire Hathaway, borsheims, Buffett, Helzberg Diamonds, Rapaport News, richline group, warren buffett
Similar Articles
Swiss watches 140Swiss Watch Exports Sluggish in May
Jun 17, 2021
Swiss watch exports saw a limited recovery in May as the coronavirus continued to affect activity in several major
Miichael Hill Emma Hill 140Michael Hill Chair Steps Down
Jun 15, 2021
Emma Hill plans to retire from her role as chair of her father’s jewelry chain, Michael Hill,
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2021 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.