Warren Buffet becomes face of Coke in China

BEIJING: The likeness of billionaire Warren Buffett is gracing Cherry Coke cans in China, where the company’s largest investor enjoys a legendary reputation. Coca-Cola announced over the weekend that a grinning cartoon portrait of the American business magnate would adorn cans and bottles of his favourite flavour after it was introduced in the country on March 10. Berkshire Hathaway, Buffett’s investment firm, is Coca-Cola’s biggest shareholder with a 9.3 per cent stake valued at about $17 billion. “Incidentally, there is no compensation involved,” Buffett told Yahoo Finance of the use of his image for “a limited promotional period.” — AFP