Berkshire Hathway has made a huge investment in the American luxury goods chain Berkshire Mall, the company announced on Monday.
The company said that it was in discussions to buy the company for about $200 billion.
It said that the purchase would provide an anchor for Berkshire Hathawks brand in the global luxury goods market, and it will help it grow its global business.
Berkshire Hathaway will become a wholly owned subsidiary of Berkshire, Inc., the company said in a statement.
It will continue to operate as an independent company, and will have no immediate impact on the company’s operations.
Bharstock will continue its leadership role in the world of luxury goods, including in the luxury goods business.
The new company will be managed by its board of directors, including Chairman and CEO Edward Fink, and its board will consist of three members from Berkshire Hathay’s retail and retail marketing businesses, according to a statement from the company.
The deal comes after years of negotiations, including an $80 billion acquisition offer by the family of billionaire investor Warren Buffett.
Forbes estimates that the total value of Berkshire Hathowks assets is at least $700 billion.
The billionaire investor has said that he would like to sell the company by the end of the year.
In a statement, Berksirell said: Berkeshire Mall is a global leader in luxury goods.
Our focus has always been on delivering the best products and service to our customers, which is why we have been pursuing a long-term strategic partnership.
As part of the transaction, Berkshire will be able to accelerate the completion of the Berksshire Mall redevelopment project in downtown Los Angeles and build additional stores and retail facilities to further expand our offerings in the area.
“Berksire is excited to be joining Berkshire,” said CEO Edward A. Fink.
“We believe this is a strong strategic partnership that will provide the foundation for a successful long-lasting legacy for Berkshire and the people of Los Angeles.”
“We look forward to building a strong and diverse portfolio of luxury brands and providing them with opportunities to expand their businesses and reach new markets,” Fink added.
Last week, Buffett announced that he was selling his stake in Berkshire Hathaways.
Buffett said in December that he had decided to sell his stake and that he planned to invest in a trust fund for the company in order to “be able to focus more on Berkshire’s future.”
In the statement, the board said that Fink and the company would remain at the helm of the company, which will be led by CEO David Einhorn.
According to the statement from Berksay Mall, Berkeshire’s assets will be invested in the company “in a number of ways,” including through a strategic partnership with American Express and the development of new luxury retail and specialty brands.
Since it is a company with a wealth of assets, the deal also means that Berkshare will be a bigger beneficiary of the growth of the consumer economy and the increasing popularity of brands like Apple, Adidas, Gap, Nike, and Vans.
Buffett is the fifth richest man in the United States, and Forbes estimates that he is worth $6.3 billion.
Earlier this year, the billionaire investor announced plans to buy up to $300 billion worth of companies to help him create a wealth that would enable him to “pump up his nest egg.”
The news comes after a spate of corporate bankruptcies, with many of them happening within the past year.
In October, the conglomerate’s board of trustees voted unanimously to remove Fink as chairman of the board and to hand over the company to his son, Charles.