
Fruit of the Loom is owned by Berkshire Hathaway (NYSE: BRK.A, BRK.B), a publicly traded American multinational conglomerate headquartered in Omaha, Nebraska. Berkshire Hathaway acquired Fruit of the Loom in 2002 for approximately $835 million after the company emerged from Chapter 11 bankruptcy. Fruit of the Loom was founded in 1851 in Rhode Island and is headquartered in Bowling Green, Kentucky. Berkshire Hathaway reported total revenues of $371.4 billion for the fiscal year ended December 31, 2025.
Parent Company
Acquired
2002
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Fruit of the Loom | Berkshire Hathaway | Subsidiary |
Fruit of the Loom traces its origins to 1851, when brothers Benjamin and Robert Knight founded the company in Warwick, Rhode Island. The Knights established a textile mill that produced cotton cloth and fabric. The company's name, "Fruit of the Loom," was inspired by the fruit motifs woven into the fabric labels, a practice that dated to the 1850s. The name was officially trademarked in 1871, making it one of the oldest trademarks in the United States.
In its early decades, the company focused on textile manufacturing, producing cotton fabric for various uses. The transition from textile manufacturing to finished apparel came gradually. By the early 20th century, Fruit of the Loom had begun producing underwear and basic apparel, categories that would become the company's core business.
Throughout the mid-20th century, Fruit of the Loom became one of the largest underwear and basic apparel manufacturers in the United States. The brand built its reputation on affordable, durable cotton products, particularly T-shirts, underwear, and socks. The company's products were sold through major retailers across the country, and the Fruit of the Loom name became widely recognized by American consumers.
Fruit of the Loom went public in 1920 and traded on the New York Stock Exchange. The company continued to grow through the 1980s and 1990s, expanding its product lines and acquiring other apparel brands. However, the company accumulated significant debt during this period of expansion. In 1999, Fruit of the Loom filed for Chapter 11 bankruptcy protection, citing approximately $1.3 billion in debt. The bankruptcy was one of the largest in the apparel industry at the time.
The bankruptcy filing led to a restructuring of the company's operations and debt. In 2002, Berkshire Hathaway acquired Fruit of the Loom for approximately $835 million, purchasing the company out of bankruptcy. The acquisition brought Fruit of the Loom under the ownership of Warren Buffett's conglomerate, providing financial stability and long-term investment backing.
Under Berkshire Hathaway ownership, Fruit of the Loom has continued to operate as a major apparel manufacturer. The company has maintained its focus on basic clothing, underwear, and athletic apparel. In 2006, Fruit of the Loom acquired Russell Corporation, adding brands like Russell Athletic and Spalding to its portfolio. The company also acquired the Vanity Fair Brands intimate apparel business from VF Corporation in 2007.
As of 2026, Fruit of the Loom continues to manufacture basic apparel at its facilities in Central America, with distribution centers and corporate offices in the United States. The brand remains one of the most recognized names in American basic apparel.
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.
Fruit of the Loom does not hold independent sustainability certifications. The brand operates its own sustainability program, which it calls "The Fruit Way."
The company reports that it has achieved significant emissions reductions. According to its sustainability reporting, Fruit of the Loom achieved a 68% reduction in Scope 1 and 2 emissions and a 47% reduction in Scope 3 emissions by 2024, from a 2018 baseline. The company aims to use 100% renewable electricity in its operations by 2030 and maintain zero waste in its owned facilities.
Fruit of the Loom's direct ownership of manufacturing facilities in Honduras and El Salvador allows for tighter control over labor conditions, worker safety, and wages compared to brands that rely on third-party contract manufacturing. The company's facilities are subject to internal and external audits regarding human rights and labor standards. The company has published a Supplier Code of Conduct and reports on compliance with international labor standards.
On packaging, Fruit of the Loom has implemented sustainable packaging initiatives at its manufacturing plant in Morocco. All cartons are made from 100% recycled fibers and use mineral-free ink for printing. The company is working to reduce its use of polybags and stretch film in packaging.
Fruit of the Loom aims for 100% sustainable cotton sourcing and is expanding its use of recycled polyester in its product lines. The company works with cotton suppliers who meet environmental and social responsibility standards.
The company has scored on the Human Rights Campaign Foundation's Corporate Equality Index for LGBTQ+ workplace equality. Specific scores and ratings vary by year.
As part of Berkshire Hathaway, Fruit of the Loom contributes to the conglomerate's overall sustainability profile. Berkshire Hathaway was ranked 53rd in the Top 250 World's Most Sustainable Companies 2025 by a sustainability publication, partly due to the environmental initiatives of subsidiaries like Fruit of the Loom.
Fruit of the Loom has not been subject to major product safety recalls in recent years. The brand's products are basic apparel items that do not typically carry significant safety risks.
The company's most significant historical controversy is its 1999 Chapter 11 bankruptcy filing. The bankruptcy resulted from approximately $1.3 billion in debt accumulated through aggressive expansion and acquisitions in the 1980s and 1990s, combined with operational mismanagement and declining profitability. The bankruptcy led to the company's acquisition by Berkshire Hathaway in 2002.
Fruit of the Loom has faced scrutiny from labor rights organizations regarding wages and working conditions at its Central American manufacturing facilities. Honduras and El Salvador have been the focus of international labor rights campaigns, and Fruit of the Loom's facilities in these countries have been subject to criticism. However, the company's direct ownership model is generally cited as providing better working conditions and oversight compared to brands that use third-party contract manufacturers with less visibility into working conditions.
The company has faced trade and tariff pressures related to its Central American manufacturing operations. Changes in US trade policy, including tariff structures and trade agreements like CAFTA-DR (Dominican Republic-Central America Free Trade Agreement), affect the company's cost structure. Fruit of the Loom has advocated for trade policies that support continued manufacturing in Central America.
No major lawsuits, regulatory enforcement actions, or product safety scandals have been attributed to Fruit of the Loom in recent years.
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| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Gildan Activewear | USA | 1989 | Mass market | United states | Unisex | |
| Pvh Corp | USA | 1968 | Premium | Global | All Genders | |
| Dicks Sporting Goods | USA | 1984 | Mass market | United states | Unisex | |
| Asda | United Kingdom | 1989 | Mass market | United kingdom | Unisex | |
| Authentic Brands Group | United States | 1983 | Mass market | United states | Unisex | |
| Dicks Sporting Goods | USA | 1984 | Mass market | North america | Unisex |
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Market Positioning: Fruit of the Loom 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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