Buffett Letters
Consumer Goods / Confectionery

Wm. Wrigley Jr. Company

Berkshire invested $6.5 billion in Wrigley preferred stock as part of the 2008 Mars acquisition financing. Wrigley 鈥?the world's largest gum manufacturer 鈥?is the classic consumer franchise: a product with no nutritional content whatsoever that commands premium prices globally through brand familiarity.