Question

Fruit of the Loom, Dairy Queen, Helzberg Diamonds, the BNSF Railway, and GEICO are all wholly owned by what corporation, which traces its origins to a business called Valley Falls Company founded in 1839?

1) Berkshire Hathaway
2) General Electric
3) Valley Falls Company
4) Fruit of the Loom

Answer 1

Berkshire Hathaway, which can trace its foundation to the Valley Falls Company in 1839, is the corporation that owns Fruit of the Loom, Dairy Queen, Helzberg Diamonds, BNSF Railway, and GEICO.

Step-by-step explanation:

Berkshire Hathaway:

The Fruit of the Loom, Dairy Queen, Helzberg Diamonds, BNSF Railway, and GEICO are all wholly owned by Berkshire Hathaway. This corporation traces its origins back to the Valley Falls Company founded in 1839. Berkshire Hathaway, under the leadership of Warren Buffett, has grown to become a powerhouse in the business world, owning a diverse range of companies.

Throughout its history, the company has exemplified the use of the holding company model, where a central corporate entity controls the operations of multiple companies by holding a majority of the stock for each enterprise. The model that Berkshire Hathaway employs allows it to have control and consolidation over its subsidiaries, which includes a diverse portfolio of companies spanning various industries such as insurance, energy, transportation, and retail.