UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C.  20549

                                 SCHEDULE 14A

                Proxy Statement Pursuant to Section 14(a) of the
                        Securities Exchange Act of 1934

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                              GARAN, INCORPORATED
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FOR IMMEDIATE RELEASE


Garan, Incorporated To Be Acquired by Berkshire Hathaway Inc. for $60.00 Per
Share

New York, NY and Omaha, NE (July 2, 2002) Garan, Incorporated (AMEX: GAN) and
Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B) announced today that they have
approved and entered into a definitive Merger Agreement.  Under the terms of
the Merger Agreement, Garan's stockholders will receive $60.00 per share in
cash.

Upon successful consummation of the transaction, Garan will become a wholly
owned subsidiary of Berkshire Hathaway and will continue to be headquartered
in New York, New York.  Garan's management team will remain in place
following the merger.

The Board of Directors of Garan has unanimously approved the Merger
Agreement.  In addition, Seymour Lichtenstein, Chief Executive Officer of
Garan, and other Garan executives owning in the aggregate approximately 20%
of Garan's common stock, have agreed to vote their shares in favor of the
merger.

Mr. Lichtenstein stated, "We believe that this is a terrific transaction, not
only for our stockholders but also for our employees and customers, who will
benefit from a seamless transition to new ownership.  I would like to
recognize all those individuals who have helped to build our company over the
past 61 years.  It is indeed a credit to their efforts that Warren Buffett
and Berkshire Hathaway have chosen to make this investment.  We look forward
to Garan's continued success under our new ownership."

Warren Buffett, Chairman of Berkshire Hathaway, said, "Garan is a wonderful
business with an outstanding management team.  It will be a great addition to
the Berkshire Hathaway group of businesses."

The merger is subject to the approval of Garan's stockholders as well as
other customary closing conditions.  Goldman, Sachs & Co. is serving as
Garan's financial advisor.

Garan also announced that its board of directors had declared a regular
quarterly dividend of $0.25, payable on July 31 to record holders on July 24
with respect to the quarter ended June 30, 2002.  The transaction is expected
to close in the third quarter of 2002.

Garan is a leading manufacturer of children's, women's, and men's apparel
bearing the private labels of its customers as well as various of its own
trademarks, including GARANIMALS.

Berkshire Hathaway is a holding company owning subsidiaries engaged in a
number of diverse business activities.  The most important of these is the
property and casualty insurance business conducted on both a direct and
reinsurance basis through a number of subsidiaries.

Garan will publicly file a Form 8-K with the SEC containing the terms of the
definitive Merger Agreement and the Stockholders Agreement.  Garan
stockholders are advised to read the proxy statement regarding the
acquisition of Garan referenced in this news release, which will be filed by
Garan with the SEC.  The proxy statement will contain important information
which should be read carefully before any decision is made with respect to
this merger.  These documents will be made available to all stockholders of
Garan at no expense to them.  These documents also will be available at no
charge at the SEC's web site, www.sec.gov.

Garan and its directors and executive officers may be deemed to be
participants in the solicitation of proxies from Garan's stockholders in
favor of the merger.  These directors and executive officers include Stephen
J. Donohue, Rodney Faver, Jerald Kamiel, Richard A. Lichtenstein, Seymour
Lichtenstein, Frank Martucci, Perry Mullen, Marvin S. Robinson, Alexander J.
Sistarenik and William J. Wilson.  Collectively, as of January 24, 2002, the
directors and executive officers of Garan may be deemed to beneficially own
approximately 23.7% of the outstanding shares of Garan's common stock.
Stockholders of Garan may obtain additional information regarding the
interests of the participants by reading the proxy statement when it becomes
available.

This press release contains forward-looking statements with respect to
management's beliefs about the financial condition, results of operations and
businesses of Garan and Berkshire Hathaway in the future.  These statements
involve risks and uncertainties.  The actual outcome could differ materially
from that contemplated by such statements.  Factors that could cause or
contribute to such differences could include, but are not limited to: the
degree of continued market acceptance of Garan's products, competition,
Garan's relationship with its principal customer, the consistent availability
of raw materials, risks associated with Garan's Central American operations,
failure of the requisite stockholders to approve the merger, and merger-
related costs and expenses. These as well as other factors which could affect
Garan's business are discussed under the caption "Risk Factors" and elsewhere
in Garan's Annual Report on Form 10-K/A for the fiscal year ended September
30, 2001 on file with the SEC.  Neither Berkshire Hathaway nor Garan
undertake any obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.

CONTACT:
For Garan: William J. Wilson          For Berkshire Hathaway: Marc D. Hamburg
           212-563-2000                                       402-346-1400