Berkshire invests in Ulta Beauty, Heico


Ulta Beauty has about 1,395 stores in all 50 US states. — Reuters

NEW YORK: Warren Buffett’s Berkshire Hathaway has acquired stakes in cosmetics store chain Ulta Beauty and aircraft parts maker Heico during the second quarter, when it also nearly halved its huge stake in Apple.

Berkshire owned about 690,000 Ulta Beauty shares worth US$266.3mil and 1.04 million Heico shares worth US$185.4mil as of June 30, according to a Wednesday regulatory filing containing its US-listed holdings as of that date.

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