Berkshire Hathaway’s Apparel Biz Yields 44% Jump in FY Pre-Tax Earnings
The segment, whose six businesses employ approximately 37,000 and are led by Fruit of the Loom and Russell Athletic, generated $455 million in FY14 pre-tax earnings versus $315 million in FY13. The Omaha, NE, parent attributed the increase to restructurings in both 2013 and 2014 that included discontinuing unprofitable businesses and lower manufacturing and pension costs. Apparel ... Log in to view full article.