Guinness PLC

Summary

A global beverage manufacturer representing Berkshire's first significant investment in a company domiciled outside the United States.

Timeline & Role

1991: Berkshire builds a new position (31.2 million shares) for $264 million. Buffett compares its international operations and global franchise strongly to Coca-Cola and Gillette, looking for "understandable, enduring, and mouth-watering economics." 1991 Letter

📚 Historical Mentions & Citations (2)

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1991 LetterExcerpt Available

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| Shares | Company | Cost | Market | | :--- | :--- | :---: | :---: | | 3,000,000 | Capital Cities/ABC, Inc. | $ 517,500 | $1,300,500 | | 46,700,000 | The Coca-Cola Co. | 1,023,920 | 3,747,675 | | 2,495,000 | Federal Home Loan Mortgage Corp. | 77,245 | 343,090 | | 6,850,000 | GEICO Corp. | 45,713 | 1,363,150 | | 24,000,000 | The Gillette Company | 600,000 | 1,347,000 | | 31,247,000 | Guinness PLC | 264,782 | 296,755 | | 1,727,765 | The Washington Post Company | 9,731 | 336,050 | | 5,000,000 | Wells Fargo & Company | 289,431 | 290,000 |

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1994 MeetingReference Only

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Mentioned in this document.

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