
Brooks Running is owned by Berkshire Hathaway Inc., the diversified conglomerate chaired by Warren Buffett and led by CEO Greg Abel. Brooks operates as a wholly owned subsidiary headquartered in Seattle, Washington. Founded in 1914, the brand recorded roughly $1.9 billion in revenue for 2025 after a 16 percent annual increase, its ninth consecutive year of growth.
Parent Company
Acquired
2006
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Brooks Running | Berkshire Hathaway | Wholly owned |
Brooks traces to 1914, when John Brooks Goldenberg founded a Philadelphia shoe company producing ballet slippers and bathing shoes. Through the mid-20th century the company manufactured orthopedic and specialty footwear, remaining a modest regional maker.
The pivot to running came in the 1970s jogging boom. The 1975 Villanova, developed with Olympic runners, and the 1977 Vantage, one of the first shoes with EVA midsole cushioning, established Brooks as a technical running brand. Financial instability followed: the company cycled through several owners in the 1980s and 1990s, nearly collapsing before a 1993 restructuring under CEO Helen Rockey refocused it on running specialty retail.
Jim Weber took over as CEO in 2001 and bet the company on performance running exclusively, exiting walking, court, and lifestyle categories. The 2004 sale to Russell Corporation and the 2006 Berkshire acquisition of Russell gave Brooks patient capital, and the Ghost, Adrenaline GTS, and Glycerin lines grew it into a top-three U.S. running brand by the mid-2010s.
Growth has been consistent since. Revenue reached approximately $1.6 billion in 2024 and climbed another 16 percent in 2025 to roughly $1.9 billion, a ninth straight annual increase. The Glycerin line with DNA Tuned foam grew revenue 33 percent in 2025, and Brooks claimed the No. 1 position in U.S. specialty retail performance running footwear in the fourth quarter. Expansion into China began in 2025, with a first store opened and about 30 planned by 2027.
What does Berkshire Hathaway own?
Berkshire Hathaway owns a diverse portfolio of over 100 wholly-owned subsidiaries and significant equity investments. Key holdings include GEICO (auto insurance), BNSF Railway (freight transportation), Berkshire Hathaway Energy (utilities), Precision Castparts (aerospace components), Duracell (batteries), See's Candies (confectionery), Dairy Queen (fast food), and NetJets (private aviation). The company also holds substantial investments in publicly traded companies including Apple, Bank of America, and American Express.
Is Berkshire Hathaway publicly traded?
Yes. Berkshire Hathaway is publicly traded on the New York Stock Exchange under two ticker symbols: BRK.A (Class A shares) and BRK.B (Class B shares). Class A shares have significantly higher voting rights and are priced much higher than Class B shares. Class B shares were created in 1996 to make Berkshire stock more accessible to retail investors. The company has been publicly traded since 1988 and has never paid a dividend.
Who founded Berkshire Hathaway?
The original Berkshire Hathaway textile company was founded in 1839 by Oliver Chace in Valley Falls, Rhode Island. The modern Berkshire Hathaway was shaped by Warren Buffett, who began acquiring shares in 1962 and gained control in 1965, transforming the struggling textile manufacturer into a diversified holding company. The original textile operations were closed in 1985.
Where is Berkshire Hathaway headquartered?
Berkshire Hathaway is headquartered in Omaha, Nebraska, USA. The company has maintained its headquarters in Omaha since Warren Buffett took control, reflecting its commitment to a conservative, Midwestern approach to business despite its global scale. The corporate headquarters employs only approximately 25 people, reflecting the extreme decentralization of the organization.
How many companies does Berkshire Hathaway own?
Berkshire Hathaway owns over 100 wholly-owned subsidiaries across insurance, railroads, utilities, manufacturing, consumer products, and services. The exact number fluctuates as Berkshire makes new acquisitions and occasionally sells businesses. The company also holds significant minority stakes in publicly traded companies.
Who owns Berkshire Hathaway?
Berkshire Hathaway is owned by its shareholders, with no single controlling shareholder. Major institutional investors including Vanguard Group, BlackRock, and State Street hold significant stakes. Warren Buffett remains the largest individual shareholder and serves as Executive Chairman, while Greg Abel serves as CEO. The company has a widely dispersed shareholder base typical of large public corporations.
What is Berkshire Hathaway's revenue?
For full-year 2025, Berkshire Hathaway reported operating earnings of $44.49 billion, down from $47.44 billion in 2024. The decline was primarily driven by weaker insurance underwriting results. The company maintains one of the strongest balance sheets in corporate America with cash and equivalents exceeding $150 billion and insurance float exceeding $170 billion.
Who is the CEO of Berkshire Hathaway?
Greg Abel serves as CEO of Berkshire Hathaway, having succeeded Warren Buffett on January 1, 2026. Abel had long been considered Buffett's successor and previously led Berkshire's non-insurance operations. Warren Buffett remains Executive Chairman and continues to be involved in major capital allocation decisions.
Brooks publishes a corporate responsibility program covering climate, materials, and labor, though it is not a certified B Corp. The company has committed to net-zero carbon emissions by 2040 and reports using recycled materials across its footwear line.
The Ghost 15 and subsequent models incorporate recycled content in uppers, and the brand's BlueLine lab explores lower-impact materials. Brooks runs a take-back program called ReStart in select markets for end-of-life shoe recycling.
Labor oversight follows Berkshire's decentralized model: Brooks maintains its own supplier code of conduct and audit program for its Asian contract factories. No independent cruelty-free or vegan certifications apply, as performance footwear is outside those frameworks.
Brooks has maintained a relatively clean record, with no major product safety recalls in recent years. Like all footwear brands, it periodically removes specific items through standard CPSC coordination when defects surface.
The brand's most notable reputational episode came in 2017, when an internal memo leaked describing marketing direction that some read as dismissive of casual runners; the company addressed it directly and moved on without lasting damage.
On the trade front, Brooks was publicly vocal in 2025 about the impact of new U.S. tariffs on Southeast Asian-made footwear, with CEO Dan Sheridan warning that costs would reach consumers. The stance drew coverage as a rare public comment from a Berkshire subsidiary on policy, but it was a business position rather than a controversy.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Asics Corporation | Japan | 1949 | Premium | Global | Unisex | |
| Jd Sports Fashion Plc | USA | 1976 | Mass market | United states | Unisex | |
| Deckers Brands | USA | 2009 | Premium | Global | All Genders | |
| Jd Sports Fashion Plc | England | 1981 | Mass market | Global | All-ages | |
| Authentic Brands Group | USA | 1958 | Mid market | Global | Unisex | |
| Berkshire Hathaway | USA (Fruit of the Loom) | 1902 | Mass market | United states | All-ages |
SportsOwned by ASICS Corporation
Japanese sportswear company specializing in running shoes and athletic performance gear, founded in 1949 and publicly traded on the Tokyo Stock Exchange.
Retail EcommerceOwned by JD Sports Fashion plc
Indianapolis-based athletic footwear retailer owned by British sportswear group JD Sports Fashion since a 2018 acquisition, operating hundreds of U.S. mall stores and Macy's shop-in-shops.
Fashion ApparelOwned by Deckers Brands
Performance running and trail shoe brand owned by Deckers Brands. Known for maximalist cushioning. Founded in 2009.
Retail EcommerceOwned by JD Sports Fashion plc
British multinational sports-fashion retail company specializing in athletic footwear, sportswear, and casual fashion apparel.
Fashion ApparelOwned by Authentic Brands Group
American footwear and clothing brand specializing in athletic shoes, sportswear, and fitness apparel, known for its classic designs and fitness-focused heritage.
Fashion ApparelOwned by Berkshire Hathaway
Heritage American sportswear brand credited with inventing the sweatshirt, owned by Berkshire Hathaway through Fruit of the Loom since 2006.
Market Positioning: Brooks Running competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Fashion ApparelOwned by Maus Frères SA
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Lacoste is privately owned, unlike Brooks Running which is under a publicly traded parent company.
Fashion ApparelOwned by New Balance Athletics, Inc.
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Fashion ApparelOwned by Bellroy Pty Ltd
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Fashion ApparelOwned by Catalyst Brands
America's oldest clothing retailer, founded in 1818. Premium menswear known for the button-down collar shirt, sack suit, and preppy style.
Brooks Brothers is privately owned, unlike Brooks Running which is under a publicly traded parent company.
Fashion ApparelOwned by Eagle Creek Holdings, LLC
American adventure travel gear brand founded in 1975. Owned by Eagle Creek Holdings, LLC, which is led by Travis Campbell. Based in Steamboat Springs, Colorado. Known for luggage, duffels, and the Pack-It organizer system. 50 years in business in 2025.
Eagle Creek is privately owned, unlike Brooks Running which is under a publicly traded parent company.
Fashion ApparelOwned by Ekster
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Ekster is privately owned, unlike Brooks Running which is under a publicly traded parent company.
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