Warren Buffett To Acquire Detlev Louis Motorradvertriebs In Europe Push

Warren Buffett’s Berkshire Hathaway has signed a deal to acquire Germany’s Detlev Louis Motorradvertriebs for a little over €400m ($452 million). The Hamburg-based retailer of motorcycle apparel and accessories has over 70 stores in Germany and Austria.

Warren Buffett cracked the code in Germany

Warren Buffett’s Berkshire Hathaway has a cash pile of $56 billion. The latest acquisition will add to Buffett’s swelling family of businesses. The billionaire investor hopes the retailer’s acquisition will be a “door opener” to more acquisitions in Europe. The retailer will remain a standalone subsidiary of Berkshire overseen by one of...