Berkshire Hathaway, led by Warren Buffett, acquired a $250 million stake in Ulta Beauty.

Berkshire Hathaway, led by Warren Buffett, has made its first investment in Ulta Beauty, acquiring over 690,000 shares valued at approximately $250 million. This move aligns with Buffett's strategy of investing in companies with stable cash flow and straightforward business models. Ulta Beauty has demonstrated consistent free cash flow growth and a low valuation, making it an appealing addition to Berkshire's portfolio.

September 07, 2024
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