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Buffett’s Dairy Queen Expands in China

International Dairy Queen Inc., the ice-cream maker owned by Warren Buffett’s Berkshire Hathaway Inc., plans to expand in China and Thailand to take advantage of opportunities in developing countries.

“Our strategy for international development is emerging markets, and Asia has been a focal point,” Chief Executive Officer John Gainor, 55, said in a phone interview. Dairy Queen is customizing its menu based on the “taste profile” of consumers in each country, he said.