Warren Buffett was spot on about this much-loved beauty giant
Warren Buffett pulled the plug on his investment in a beauty retailer — just months before the company reported its first-ever market share loss. The 94-year-old investor runs Berkshire Hathaway, which owns dozens of companies, including insurer Geico, battery maker Duracell, and restaurant chain Dairy Queen. Berkshire poured $266 million into Ulta Beauty in the summer of 2024. Buffett clearly knew something when he abruptly sold 95 percent of his stake months later.
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