• 11/10/2024

With Small Ulta Stake, Buffett Takes Sides in a Big Beauty Battle

Wall Street Journal

The investor’s Berkshire Hathaway holding company disclosed that it has bought up a roughly $260 million stake in Ulta Beauty, which operates hundreds of cosmetics stores. Shares of Ulta surged Thursday on the endorsement.

https://www.wsj.com/articles/with-small-ulta-stake-buffett-takes-sides-in-a-big-beauty-battle-eb11bef2