LVMH-Backed L Catterton Takes Stake in Private Jet Firm Flexjet
Catterton—backed by luxury giant LVMH—has led an $800 million funding round for Flexjet, taking a roughly 20% stake that values the private jet company.
Warren Buffett is stepping down as chairman of Berkshire Hathaway after more than five decades in the role, closing another chapter in his extraordinary career.