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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]
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 ...
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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In 1986, Waterford Glass Group plc purchased Wedgwood and the group was renamed Waterford Wedgwood. In March 2009, KPS Capital Partners announced that it had acquired group assets in a range of countries, including the UK, US and Indonesia, would invest €100m, and move a jobs to Asia to cut costs and return the firm to profitability. [ 12 ]
Waterford Crystal, former producer of crystal glass, founded by Quakers in 1783, closed in 1851; the modern Waterford Wedgwood was not founded by Quakers, being the merger of a separate Waterford Crystal company founded in 1947 by non-Quaker Charles Bacik, and Wedgwood, founded by the Unitarian, Josiah Wedgwood. Western Union, founded by Ezra ...
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