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Andin International, Inc.

  • 609 Greenwich Street
    New York, NY 10014
    United States
  • +1-212-886-6000
  • Textiles, Apparel and Luxury Goods
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Company Description

As of May 5 2009, Andin International, Inc. was acquired by Richline Group Inc. Andin International, Inc. designs, manufactures, markets, and distributes fine jewelry to retailers. Its subsidiary, Jewelry. com, a jewelry Web site operates as a marketing platform that connects jewelry shoppers with national, multi-channel, and jewelry retailers. was founded in 1981 and is based in New York, New York. It has operations in the Dominican Republic, China, India, Israel, and Thailand.

Description

From Wikipedia, the free encyclopedia

Berkshire Hathaway Inc.
Formerly
Valley Falls Company
(1839–1955)
Public
Traded as
ISINUS0846707026
IndustryConglomerate
Founded1839; 180 years ago (1839)
Cumberland, Rhode Island, U.S.
FounderOliver Chace
Warren Buffett (Modern era)
HeadquartersKiewit Plaza, Omaha, Nebraska, U.S.
Area served
Worldwide
Key people
Warren E. Buffett
(Chairman & CEO)
Charles T. Munger
(Vice Chairman)
Ajit Jain
(Vice Chairman of Insurance Operations)
Greg Abel
(Vice Chairman of non-Insurance Operations)
ProductsDiversified investments, Property & casualty insurance, Utilities, Restaurants, Food processing, Aerospace, Toys, Media, Automotive, Sporting goods, Consumer products, Internet, Real estate
RevenueIncrease US$247.5 billion (2018)
Decrease US$10.02 billion (2018)
Decrease US$4.02 billion (2018)
Total assetsIncrease US$707.8 billion (2018)
Total equityIncrease US$348.7 billion (2018)
OwnerWarren Buffett (30.71% of the aggregate voting power and 16.45% of the economic interest)[1]
Number of employees
389,373 (2018)
SubsidiariesList of subsidiaries
Websitewww.berkshirehathaway.com
Footnotes / references
[2]

Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The company wholly owns GEICO, Duracell, Dairy Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, and NetJets, and also owns 38.6% of Pilot Flying J;[3] 26.7% of the Kraft Heinz Company, and significant minority holdings in American Express (17.6%), Wells Fargo (9.9%), The Coca-Cola Company (9.4%), Bank of America (6.8%), and Apple (5.22%).[4] Since 2016, the company has acquired large holdings in the major US airline carriers, and is currently the largest shareholder in United Airlines and Delta Air Lines, and a top three shareholder in Southwest Airlines and American Airlines.[5] Berkshire Hathaway has averaged an annual growth in book value of 19.0% to its shareholders since 1965 (compared to 9.7% from the S&P 500 with dividends included for the same period), while employing large amounts of capital, and minimal debt.[6]

The company is known for its control and leadership by Warren Buffett, who serves as chairman and chief executive, and Charlie Munger, the company's vice-chairman. In the early part of his career at Berkshire, Buffett focused on long-term investments in publicly traded companies, but more recently he has more frequently bought whole companies. Berkshire now owns a diverse range of businesses including confectionery, retail, railroads, home furnishings, encyclopedias, manufacturers of vacuum cleaners, jewelry sales, newspaper publishing, manufacture and distribution of uniforms, and several regional electric and gas utilities.

According to the Forbes Global 2000 list and formula, Berkshire Hathaway is the third largest public company in the world, the tenth largest conglomerate by revenue and the largest financial services company by revenue in the world.[7][8]

As of February 2019, Berkshire is the fifth-largest company in the S&P 500 Index by market capitalization and is famous for having the most expensive share price in history with Class A shares costing around $300,000 each. This is because there has never been a stock split in its Class A shares[9] and Buffett stated in a 1984 letter to shareholders that he does not intend to split the stock.[10]

  1. ^ "SC 13D/A #68". U.S. Securities and Exchange Commission. Retrieved March 4, 2018.
  2. ^ "US SEC: Form 10-K Berkshire Hathaway Inc". U.S. Securities and Exchange Commission. Retrieved March 4, 2018.
  3. ^ "Warren Buffett, Berkshire Hathaway buying Pilot Flying J truck stops". USA Today.
  4. ^ "Apple hits record high after Buffett's Berkshire increases stake". Reuters. Retrieved May 4, 2018.
  5. ^ Becky Quick (November 14, 2016). "Buffett's Berkshire takes stakes in four major airlines". CNBC. Retrieved April 1, 2019.
  6. ^ Warren Buffett. "2016 Annual Report" (PDF). Berkshire Hathaway. p. 2. Retrieved May 31, 2017.
  7. ^ "The World's Biggest Public Companies". Forbes. Retrieved May 12, 2014.
  8. ^ "Berkshire Hathaway". Forbes. Retrieved June 6, 2011.
  9. ^ Ryan Fuhrmann (May 31, 2017). "What's the most expensive stock of all time?". Investopedia.
  10. ^ Erik Holm (February 15, 2017). "Three Reasons Why Warren Buffett Never Split Berkshire's $250,000 Stock". The Wall Street Journal. Retrieved February 1, 2018.