Berkshire Buys German Motorcycle Apparel and Accessories Company

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Berkshire Hathaway B shares Warren Buffett

By Dr. David Kass The Financial Times reported today that Berkshire Hathaway is acquiring Devlet Louis Motorradvertriebs, a German (Hamburg) based retailer of motorcycle apparel and accessories for about $450 million.  Warren Buffett, looking for investment opportunities in Europe, stated “we have cracked the code in Germany”. Louis is a family business that will remain a standalone subsidiary of Berkshire, overseen by one of Mr. Buffett’s portfolio managers, Ted Weschler.  Louis has 71 stores in Germany and Austria, and also sells through catalog and e-commerce.  It has gross revenues of $300 million and 1,600 employees. This is Berkshire’s second exposure…

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