Waterford Wedgwood goes out of business.Submitted by IamVoting4RonPaul on Mon, 01/05/2009 - 22:20
The rich hunkering down?
Wedgwood falls into administration
By John O’Doherty, FT.com
Published: January 5 2009 08:10 | Last updated: January 5 2009 12:39
Waterford Wedgwood is to go into administration, the maker of cut glass and designer crockery said on Monday. Deloitte has been appointed as administrator of some of the company’s UK and Irish subsidiaries.
”I am disappointed that certain of the group’s UK and Irish subsidiaries have had to go into administration and receivership, but we remain optimistic that ongoing discussions will result in a buyer being found for the businesses,” said David Sculley, the group’s chief executive.