Jiuzheng Building Materials Network has learned that recently, CORT, a subsidiary of Warren Buffett, has announced the acquisition of AAPartyRentals, which is the main furniture. In the A-share market, Buffett's every move will arouse strong interest from investors, which will affect the stock price changes of A-share listed companies. In fact, in recent years, China's furniture industry has made great progress. Recently, the real estate industry has recovered, and the gradual relaxation of the “second-child policy†will also stimulate the growth of the furniture industry.
Recently, CORT, a subsidiary of Berkshire Hathaway, a subsidiary of Warren Buffett, announced the acquisition of AAPartyRentals. AAPartyRentals is located in Seattle and specializes in home furniture product leasing and sales.
The growth in demand for furniture is clearly in the A-share market. Buffett's every move will arouse strong interest from investors, which will affect the stock price changes of similar listed companies. A few days ago, Buffett's Berkshire Hathaway Company released the 2013 Four Seasons and Annual Report. In the past year, the company made a 31% increase in revenue and made a profit of $19.48 billion for Buffett.
The "second child policy" stimulates the growth of the furniture industry. In fact, in recent years, China's furniture industry has made great progress. As China's high-net-worth individuals (individual assets above 6 million yuan) maintained a rapid growth of about 18% a year, the high-end consumer willingness of Chinese people is also significantly ahead of other countries, and the consumption upgrading trend is obvious. Dongguan Securities believes that many factors will jointly promote the rapid growth of China's high-end furniture industry in the next few years.
In addition, the recent recovery in the real estate industry and the gradual relaxation of the “second-child policy†will also stimulate the growth of the furniture industry.
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