Buzz: Buffett Buys Empire

Dear Client: The streets are a'buzz with unconfirmed reports that legendary investor Warren Buffett, through a subsidiary owned by Berkshire Hathaway (grocery distributor McClanes), has purchased wine and spirits distributor Empire Distributors. Representatives at Empire and Berkshire were unavailable after hours at press time.This could signal a new era in distribution in the industry with a new well-capitalized player. Empire likely is not the end, as Buffett looks to roll up the regional players or possibly go after the Big