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Warren Buffett's Berkshire Hathaway could be prepping for pool parties packed with pizza, beer, and premium pinot noir

The conglomerate boosted its stakes in Domino's Pizza and Pool Corp. and revealed a new position in the alcoholic beverage company known for such brands as Corona, Modelo, and Meiomi wine.
Warren Buffett's Berkshire Hathaway is reportedly preparing for a significant expansion in the consumer goods sector, focusing on items that could enhance social gatherings. The conglomerate has recently invested in companies like Coca-Cola, Kraft Heinz, and has shown interest in acquiring more consumer-focused businesses. This strategy seems to align with creating an environment conducive to social events like pool parties, where attendees could enjoy a variety of products from Berkshire's portfolio, including pizza from Domino's (in which Berkshire has a stake), beer from Anheuser-Busch InBev, and premium wines from its investments in companies like Constellation Brands. This move not only diversifies Berkshire's holdings but also taps into the growing market for leisure and entertainment, potentially increasing consumer engagement and brand loyalty.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/companies/warren-buffett-s-berkshire-hathaway-could-be-prepping-for-pool-parties-packed-with-pizza-beer-and-premium-pinot-noir/ar-AA1z78hy ]