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BREAKING NEWS: US Dairy Queen Expands in China

The Green Tea Blizzard dessert is the number-one seller in China, while the Oreo Blizzard takes the title in the U.S., Gainor said. The ice-cream maker, which has more than $3.2 billion in annual sales, opened its 500th location in China and has more than 270 in Thailand. It expanded into Saudi Arabia, Egypt, Guatemala and Singapore in 2011, the Minneapolis-based company said yesterday in a statement.

Dairy Queen, whose brands include fruit-drink maker Orange Julius and popcorn-retailer Karmelkorn, was purchased by Omaha, Nebraska-based Berkshire in 1998. Buffett, Berkshire’s CEO and chairman, said at the time that he and Vice Chairman Charles Munger were regulars at Dairy Queen.

“We have put our money where our mouth is,” Buffett said in a letter to shareholders.

Mitt Romney has not commented.

 


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