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　　The first foreign-owned international oil company in China has won the qualification for refined oil wholesale.

　　Shell Petroleum Trading Co., Ltd., a wholly-owned subsidiary of Shell China in east China's Zhejiang Province, obtained approval from Chinese Ministry of Commerce to be a Wholesale Bed Linens Distributors of China refined oil.

　　In recent years, China has eased the limit for foreign oil companies operating in China. Shell runs 14 gas stations in Zhejiang Province, more than any other province in China.

　　Amid falling foreign direct investment on global scale, China bucks the trend and records growth.

　　The latest statistics from Chinese Ministry of Commerce shows that China's actual use of foreign capital in 2018 reached 885.6 billion yuan (132 billion U.S. dollars), up by 0.9 percent year on year. China continues to be the developing economy that attracts the most foreign investment and the second largest country with foreign direct investment (FDI) inflow.

　　In June 2018, China unveiled a shortened negative list for foreign investment, with the number of items down to 48 from 63 in the previous version. The new list widens market access for foreign investment in primary, secondary and tertiary sectors, detailing 22 opening-up measures Wholesale in fields including finance, transportation, professional services, infrastructure, energy, resources, and agriculture.

　　Based at 10 Times Square in Manhattan, OJG designs, markets and produces denim apparel for branded and private label jeanswear brands. The new collection for Sanctuary is being produced under a licensing agreement between the two companies. Other brands wholesales that are part of OJG’s portfolio include Gloria Vanderbilt, Vintage America, Jessica Simpson, Nine West Jeans, Erika, Bandolino, William Rast, L.E.I., Ella Moss, Skinnygirl. It also does private label denim apparel for many of the department store brands that include Charter Club, Croft & Barrow, St. John’s Bay and CodeBleu, to name a few.

　　Meanwhile, China's latest version of the negative list for the country's pilot free trade zones was also released, with the number of items trimmed down to 45 from 95, including areas of agriculture, manufacturing, mining, wholesale fashion dropshippers and retail, transportation, information technology and finance.

　　Going forward, the National Development and Reform Commission will further level the playing field for foreign-invested companies in areas of government purchasing, standard setting, industrial policy, license and qualification, according to the commission's spokesman Meng Wei.

　　PacifiCorp is a regulated electric utility company headquartered in Oregon, serving electric customers in portions of Utah, Oregon, Wyoming, Washington, Idaho and California. The combined service territory’s diverse regional economy ranges from rural, agricultural and mining areas to urban, manufacturing and government service centers. No single segment of the economy dominates the combined service territory, which helps mitigate PacifiCorp’s exposure to economic fluctuations. In addition to retail sales, PacifiCorp sells electricity on a wholesale basis to other electricity retailers and wholesale jean jackets.

　　MidAmerican Energy Company (“MEC”) is a regulated electric and natural gas utility company headquartered in Iowa, serving electric and natural gas customers primarily in Iowa and also in portions of Illinois, South Dakota and Nebraska. MEC has a diverse retail customer base consisting of urban and rural residential customers and a variety of commercial and industrial customers. In addition to retail sales and natural gas transportation, MEC sells electricity principally to markets operated by regional transmission organizations and natural gas on a wholesale basis.

　　NV Energy, Inc. (“NV Energy”) is an energy holding company headquartered in Nevada, primarily consisting of two regulated utility subsidiaries, Nevada Power Company (“Nevada Power”) and Sierra Pacific Power Company (“Sierra Pacific”) (collectively, the “Nevada Utilities”). Nevada Power serves retail electric customers in southern Nevada and Sierra Pacific serves retail electric and natural gas customers in northern Nevada. The Nevada Utilities’ combined service territory’s economy includes gaming, mining, recreation, warehousing, manufacturing and governmental services. In addition to retail sales and natural gas transportation, the Nevada Utilities sell electricity and natural gas on a wholesale basis.

　　Richline Group, Inc. operates four strategic business units: Richline Jewelry, LeachGarner, Rio Grande and Inverness. Each business unit is a manufacturer and distributor of jewelry with precious metal and non-precious metal products to specific target markets including large jewelry chains, department stores, shopping networks, mass merchandisers, e-commerce retailers and artisans plus worldwide manufacturers and wholesale wholesale clothing and the medical, electronic and aerospace industries.

　　Berkshire’s consumer products manufacturers employ approximately 55,000 persons.

　　Service and Retailing Businesses

　　Service Businesses

　　Berkshire’s service businesses provide grocery and foodservice distribution, professional aviation training programs, fractional aircraft ownership programs and distribution of electronic components. Other service businesses include franchising and servicing of quick service restaurants, media businesses (newspaper, television and information distribution), as well as logistics businesses. Berkshire’s service businesses employ approximately 51,000 people. Information concerning these activities follows.

　　McLane Company, Inc. (“McLane”) provides wholesale distribution services in all 50 states to customers that include convenience stores, discount retailers, wholesale clubs, drug stores, military bases, quick service restaurants and casual dining restaurants. McLane provides wholesale distribution services to Walmart, which accounts for approximately 22% of McLane’s revenues. McLane’s other significant customers include 7-Elevenand Yum! Brands, each of which accounted for approximately 11% of McLane’s revenues in 2018. A curtailment of purchasing by Walmart or its other significant customers could have a material adverse impact on McLane’s periodic revenues and earnings. McLane’s business model is based on a high volume of sales, rapid inventory turnover and stringent expense controls. Operations are currently divided into three business units: grocery distribution, foodservice distribution and beverage distribution.

　　McLane’s grocery distribution unit, based in Temple, Texas, maintains a dominant market share within the convenience store industry and serves most of the national convenience store chains and major oil company retail outlets. Grocery operations provide products to approximately 50,000 retail locations nationwide, including Walmart. McLane’s grocery distribution unit operates 23 distribution facilities in 20 states.

　　McLane’s foodservice distribution unit, based in Carrollton, Texas, focuses on serving the quick service and casual dining restaurant industry with high quality, timely-delivered products. Operations are conducted through 47 facilities in 22 states. The foodservice distribution unit services approximately 35,200 restaurants nationwide.

　　Through its subsidiaries, McLane also operates several wholesale distributors of distilled spirits, wine and beer. Operations are conducted through 14 distribution centers in Georgia, North Carolina, Tennessee and Colorado. These beverage units operating as Empire Distributors, Empire Distributors of North Carolina, Empire Distributors of Tennessee and Baroness Small Estates, service approximately 25,300 retail locations in the Southeastern United States and Colorado.

Risk Strategies, a privately held, rapidly growing national insurance brokerage and risk management firm, today announced it has selected Matthew Power to lead its national Wholesale  and alternative distribution operations. He comes to Risk Strategies from Lexington Insurance Company, where he was National Branch President and Head of Wholesale Broker Engagement.Based in Boston, Power will also oversee the development of new programs as the firm seeks to build out its portfolio of specialty wholesale businesses and offerings. Along with acquisitions specifically targeting wholesale operations, Risk Strategies has acquired a number of firms that have brought with them robust wholesale capabilities.“Having first-tier expertise in Levis Jeans wholesale  and alternative distribution is important to our overall capabilities, especially as we continue to invest in this space,” explained Risk Strategies’ President, John Mina. “Matt is exactly the right person to bring focus to this side of our business and build on the great foundation we have in place.”Previously Head of Strategic Development and Chief Innovation and Strategic Relationship Officer at AIG, Power also held the role of President of Risk Specialists Companies, a national network of wholly-owned brokerage subsidiaries of AIG. His career in insurance spans more than 25 years and includes stints with Home Insurance Company and Kemper Insurance Company.“I’m excited to join such a dynamic organization with a clear vision of the value that true specialty expertise brings to all aspects of the market,” said Power. “I look forward to utilizing my years of experience in structuring wholesale and alternative distribution programs to build out the firm’s capabilities.”Organizations that have brought wholesale amazon drop shipping and alternative distribution capabilities to Risk Strategies include Advanced E&S Group, Atlass Special Risks, Cincinnati Intermediaries, Flood Advantage Partners, and Select Insurance Markets LLP.A graduate of the University of Massachusetts, who has also completed postgraduate studies at Harvard Business School, Power serves on the board of directors for several organizations, including the New England Council, the Greater Boston Chamber of Commerce, and the Dean’s Advisory Board at the University of Massachusetts College of Management.To learn more about Risk Strategies, click here.About Risk Strategies Risk Strategies is a privately held, national firm with offices across the country. As a leading U.S. insurance broker, the company offers sophisticated risk management advice as well as insurance and reinsurance placement for property & casualty, healthcare and employee benefits risks. Risk Strategies serves commercial companies, non-profits, public entities and individuals, and has access to all major insurance markets. Ranked among the top 20 brokers in the country, Risk Strategies has offices in more than 50 locations nationwide including Boston, New York City, Chicago, Miami, Atlanta, Dallas, Nashville, Los Angeles and San Francisco.