By Jonathan Stempel
OMAHA, Neb. (Reuters) – The new chief executive of Brooks Running said the running shoe maker owned by Warren Buffett’s Berkshire Hathaway views China and Europe as growth areas for a business that generates most revenue in the U.S.
Dan Sheridan, who became chief executive on April 26, said in an interview at Berkshire’s annual shareholder weekend that Brooks plans to open its first store in China this fall in Shanghai, with possibly more later.
“China is a top-10 market for running participation,” he said on Friday. “This is a 30- to 50-year strategy for Brooks. We’re in this for the long haul.”
European markets are…
