Did Warren Buffett buy Barrick Gold?
Yes, Berkshire Hathaway made a significant investment in Constellation Brands, the global beverage giant known for its portfolio of wine, beer, and spirits, including major brands like Corona and Robert Mondavi. In the fourth quarter of 2024, the firm invested approximately US$1.24 billion to acquire more than 5.62 million shares of the company. This move marked Buffett’s first direct foray into the global alcohol industry, signaling a strategic shift toward established consumer goods brands with global distribution networks. While the investment faced some immediate market volatility due to challenges in the wine segment and concerns over potential international trade tariffs, it underscored Buffett’s confidence in Constellation’s diversified business model and its strong position within the consumer retail market.
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