Berkshire Hathaway has plans to sell rubber ducks in the image of CEO Warren Buffett and Charles Munger, Vice Chairman. The two will be wearing outfits of a Mexican theme, and they will sell these items at the annual meeting which happens to land three days before Cinco de Mayo.
The fiesta ducks are wearing multicolored ponchos, sombreros and in Warren Buffett’s case, carrying a maraca. We learned of this information through the advertisement offered in the visitor’s guide to the event on May 3, which is being held in Omaha, Nebraska at the CenturyLink Center. Berkshire Hathaway subsidiary Oriental Trading is selling the pair of fiesta ducks for five dollars. The prior year, the party supply company sold rubber duck versions of executives wearing business attire.
“Investing in FUN is always a grande slam,” says the ad while mixing English and Spanish. “Celebrate your earnings and Cinco de Mayo with Oriental Trading! Stop by our booth in the CenturyLink Center and be one of the first to score our limited edition Warren and Charlie ducks.”
Berkshire Hathaway acquired Oriental Trading Company in 2012, and the transaction was for roughly $500 million, said someone close to the deal at the time of the purchase. The business sells teacher supplies and crafts, as well as other items like holiday decorations, wedding favors and such. It sells these items through its website and direct mail.
At the annual meetings, souvenirs from the subsidiaries of Berkshire Hathaway including See’s Candies and Fruit of the Loom are now a regular fixture. This event attracts shareholders by the thousands to Omaha, Nebraska every year in order to listen to the 90 year old Munger and 83 year old Buffett talk about business, investing and the economy. The sales help reinforce investor connections and boost profits for the dozens of companies owned by the holding company worth roughly $300 billion.