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On 27 February 2009, Waterford Wedgwood's receiver, David Carson of Deloitte, announced that the New York–based private equity firm KPS Capital Partners had purchased "certain Irish and UK assets of Waterford Wedgwood and the assets of several of its Irish and UK subsidiaries." 176 out of the threatened 480 jobs were saved, although the deal ...
On 27 February 2009, Waterford Wedgwood's receiver, Deloitte, announced that the New York-based private equity firm KPS Capital Partners had purchased "certain Irish and UK assets of Waterford Wedgwood and the assets of several of its Irish and UK subsidiaries" in a transaction expected to be completed in March. [3]
Waterford Crystal is a manufacturer of lead glass or "crystal", especially in cut glass, named after the city of Waterford in Ireland.In January 2009, the main Waterford Crystal manufacturing base on the edge of Waterford was closed due to the insolvency of Waterford Wedgwood plc, and in June 2010, Waterford Crystal relocated almost back to the roots of glass-making in the city centre.
Waterford Wedgwood's bankruptcy earlier this year was a crystal-clear sign that luxury products weren't immune from the ravages of worldwide recession. Now an investment firm with an appetite for ...
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Wedgwood closed the Los Angeles plant, and moved the production of dinnerware to England in 1983. Waterford Glass Group plc purchased Wedgwood in 1986, becoming Waterford Wedgwood. KPS Capital Partners acquired all of the holdings of Waterford Wedgwood in 2009. The Franciscan brand became part of a group of companies known as WWRD, an acronym ...
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