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Ireland’s Waterford Crystal factory for sale – minus machinery
DUBLIN (AP) – Ireland’s historic Waterford Crystal factory is for sale one year after its parent company went bankrupt and sold its brands and many assets to an American private equity firm, the plant’s liquidators confirmed Tuesday. Bankruptcy officials shut the debt-crippled factory in January 2009, ending more than 60 years of lead-crystal production in […]
Waterford Wedgwood in tentative rescue deal
LONDON (AP) – Administrators for Waterford Wedgwood PLC, the collapsed maker of classic china and crystal, said Thursday they had reached a tentative agreement with U.S. private equity firm KPS Capital Partners over the sale of many of the company’s assets. Waterford Wedgwood, which has its roots in a pottery factory in central England and […]
Crystal, china maker Waterford Wedgwood collapses, files bankruptcy
LONDON (AP) – Waterford Wedgwood PLC, the maker of classic china and crystal, filed for bankruptcy protection on Monday after attempts to restructure the struggling business or find a buyer failed. Four administrators from business advisory firm Deloitte were appointed to run the company’s businesses in Britain and Northern Ireland, while a Deloitte partner in […]
Waterford Wedgwood shifts production to Asia, may be sold
JAKARTA, Indonesia (AP) _ For more than two centuries, Waterford crystal and Wedgwood china have been symbols of Irish and British craftsmanship. Now, their future may lie in Asia. Drowning in red ink, the storied brands, which merged in 1986, have moved most ceramics production to Indonesia to cut costs and now plan the same […]