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