{"id":410668,"date":"2010-03-10T03:56:00","date_gmt":"2010-03-10T08:56:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/warren-buffett-paying-top-dollar-to-tap-baby-boomers-wine-binge-2010-3"},"modified":"2010-03-10T03:56:00","modified_gmt":"2010-03-10T08:56:00","slug":"warren-buffett-paying-top-dollar-to-tap-baby-boomers-wine-binge","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/410668","title":{"rendered":"Warren Buffett Paying Top Dollar To Tap Baby Boomer&#8217;s Wine Binge"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4b57249a00000000005bde70\/warren-buffett-012010.jpg\" border=\"0\" alt=\"warren-buffett-012010\" \/><\/p>\n<p>Looks like Warren Buffett is bullish about U.S. wine. He&#8217;s buying a niche wine distribution company and it looks like he payed up to get it:<\/p>\n<p><a href=\"http:\/\/www.winespiritsdaily.com\/publications_daily.php?id=1162\">Wine and Spirits Daily:<\/a><\/p>\n<p style=\"padding-left: 30px;\">&#8230;a subsidiary of Warren Buffett&#8217;s Berkshire Hathaway has struck a deal to purchase Atlanta-based Empire Distributing, which has operations in Georgia and North Carolina. Empire is owned by brothers David and Michael Kahn.<\/p>\n<p style=\"padding-left: 30px;\">&#8230;<\/p>\n<p style=\"padding-left: 30px;\">We told you yesterday that Buffett likely paid top dollar since Georgia is a franchise state.<\/p>\n<p>This could be the reason:<\/p>\n<p style=\"padding-left: 30px;\">Nielsen analyzed the shopping habits of four key generations &#8211; greatest generation (aged 64+), boomers (45-63), gen x (33-44) and millennials (15-32) &#8211; and gave a rundown on what marketers should expect when targeting these groups. Interestingly, wine is one of the largest spending categories for seniors at $124 per year. Boomers spend $125 per year on wine, while gen x spends $78 and millennials spend $61 annually.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.winespiritsdaily.com\/publications_daily.php?id=1162\">Read more here &gt;<\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/warren-buffett-paying-top-dollar-to-tap-baby-boomers-wine-binge-2010-3#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/warren-buffett-complains-about-sound-bite-reporting-2010-3\">Warren Buffett Explains How &#8216;Sound-bite Reporting&#8217; Can Go Wrong<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/new-yorker-writer-offered-20000-check-from-warren-buffetts-partner-2010-3\">New Yorker Writer Gets $20,000 Check From Warren Buffett&#8217;s Partner<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/berkshire-hathaway-has-been-buying-and-selling-2010-3\">The Complete Guide To What Warren Buffett Has Been Buying And Selling<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/kjNIKb3GYHg\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Looks like Warren Buffett is bullish about U.S. wine. He&#8217;s buying a niche wine distribution company and it looks like he payed up to get it: Wine and Spirits Daily: &#8230;a subsidiary of Warren Buffett&#8217;s Berkshire Hathaway has struck a deal to purchase Atlanta-based Empire Distributing, which has operations in Georgia and North Carolina. Empire [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-410668","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/410668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=410668"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/410668\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=410668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=410668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=410668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}