WARREN BUFFETT: A 'huge struggle' is taking place between brands and retailers

Consumers are increasingly favoring retailers’ own products over outside brands, and the Amazon-Whole Foods deal only exemplifies that, Berkshire Hathaway CEO Warren Buffett told CNBC Wednesday.
“There’s always a huge struggle," the billionaire investor said in an interview from Smith & Wollensky steakhouse in Manhattan, where he hosts an annual charity lunch. "It’s been going on for decades and decades between brands and retailers. I mean, to some extent re