No. of Recommendations: 6
It's been at least ten years since Warren & Charlie mused publicly about how Mars Inc would be an ideal BRK acquisition: right-sized, well-run, stable business model etc. (The drawback, of course, is that it was a privately-owned company whose owners had no interest in selling thankyouverymuch)
Today's FT has a very good article.
Two short quotes, the first in the one-that-got-away department: "
Mars revealed last year that revenues had grown from $28bn to $45bn in Grant Reid's eight years as CEO...Mars now has 12 brands with sales above $1bn"And the second, in the Hmmm-I-didn't-know-that file: "
Mars Petcare...the world's largest provider of veterinary services...Mars now spends more than $500mn a year on scientific research, he said, and expects 'tremendous growth' from a new pet diagnostics division"
Excellent article, highly recommended. Gated, unfortunately:
Financial Times: Content 85cd2a9d ed54 4dd9 8cca af717a574557Too bad they're such an opaque company - this would be nice to follow. I have a sense of an early J&J, before they lost their way
--sutton
