General Mills to Buy Blue Buffalo Pet Food in $8B Deal

General Mills is acquiring Blue Buffalo to strengthen its position in the healthy pet food market. A private equity group, largely from Europe, owns significant shares in both Blue Buffalo and Weight Watchers, which has seen substantial growth. The group is making successful lifestyle investments, reflecting consumer trends in pet care and nutrition. The discussion highlights the importance of strategic investments and the evolving role of private equity, which now focuses on thematic investments rather than just cost-cutting.

What does Mindy Grossman describe Weight Watchers as, in contrast to a diet company?

What is the significance of investing in themes according to the speaker?