Italy's Mussolini-Style Bailouts Let Maserati Designer Skirt Bankruptcy Aug 23, 2009
So far, Italy has avoided the high-profile bankruptcies that have plagued European and U.S. companies including General Motors Corp., Christian Lacroix SNC and Waterford Wedgwood Plc. Banks willingness to pledge more funds stems in part from balance sheets that are healthy compared with European rivals, said Gianfranco Torriero, head of research at. (Bloomberg)
Sambonet buys Germany's Rosenthal Jul 20, 2009
Rosenthal filed for bankruptcy protection at the beginning of this year, shortly after a similar move by majority shareholder Waterford Wedgwood PLC.. Bankruptcy administrator Volker Boehm gave no details of the price paid by Sambonet Paderno Industrie Spa. (OregonLive, OR -- Business)
Wedgwood museum up for art prize May 7, 2009
The Wedgwood Museum's inclusion on the shortlist comes months after Waterford Wedgwood went into administration due to the financial crisis ... The Waterford Wedgwood company called in the administrators in January and US-based equity firm KPS Capital Partners later sealed a buy-up deal ... The museum is operationally and financially independent from Waterford Wedgwood. (BBC News -- Entertainment)
Waterford sale saves jobs: receiver Mar 27, 2009
Receiver Deloitte says 450 Australian jobs have been saved in the sale of UK-based ceramics and crystalware maker Waterford Wedgwood to a new company formed by New York-based private equity firm KPS Capital Partners. Deloitte partner Tim Norman said on Friday the newly-formed WWRD Holdings Ltd has acquired Waterford Wedgwood assets in the UK, Ireland, North America, Hong Kong, Taiwan, Singapore, Indonesia, Japan and Australia for an undisclosed sum ... Mr Norman said Waterford Wedgwood's... (Sydney Morning Herald -- Business)
Need to know: Ryanair ruling ...... Mar 24, 2009
Waterford Crystal: The world-renowned brand could continue to be made in the Irish city under plans to establish a new manufacturing plant in the area, despite the collapse of Waterford Wedgwood, its parent company, and its sale to KPS Capital Partners, a private equity group. General Electric: The conglomerate lost its AAA rating from Moody s after losing its top rating from Standard & Poor s this month. (New York Post -- Business)
CEO of Independent News and Media to retire Mar 15, 2009
A former chairman, president and chief executive officer of HJ Heinz and former chairman of Waterford Wedgwood, O'Reilly invested more than 200 million in Waterford Wedgwood in the past six years but the company filed for bankruptcy protection in January 2009 after failing to find a buyer. O'Brien is the founder of Bermuda-based Digicel Group, which operates in 31 markets, mostly in the Caribbean and Central America. (Business Report, South Africa)
Newly, old rich, tumble from billionaire ranks Mar 14, 2009
He poured $250 million into the crystal and fine china group Waterford Wedgwood only to see it collapse in January. The result is a fortune that is down by over $1 billion. (MSNBC -- Business)
Irish media mogul to retire in board shakeup Mar 14, 2009
He also was a big shareholder in Waterford Wedgwood, the Irish porcelain maker, which filed for bankruptcy protection in January. OReilly, a onetime member of the Irish national rugby team, plans to step down on May 7, his 73rd birthday. (International Herald Tribune -- Business)
Tony O'Reilly retiring as CEO of Independent News Mar 13, 2009
A former chairman, president and chief executive officer of H.J. Heinz Co, and former chairman of Waterford Wedgwood PLC, O'Reilly invested more than 200 million in Waterford Wedgwood in the last six years, but the company filed for bankruptcy protection in January after failing to find a buyer. O'Brien is the founder of Bermuda-based Digicel Group, which operates in 31 markets, mostly in the Caribbean and Central America. (International Herald Tribune -- Health)
Kilbarry Journal: The factory's closed, but the workers keep showing up Mar 10, 2009
Last month, KPS Capital Partners, a private equity company based in New York, announced that it planned to buy Waterford Wedgwood, Waterford Crystal's parent company. KPS said it had no comment about the events at the factory. (International Herald Tribune)
Department 56 parent Lenox sold in bankruptcy auction Mar 3, 2009
Peter Cameron, previously the CEO of Waterford Wedgwood and All-Clad Metalcrafters, will become Lenox s new CEO at the close of the deal, which is expected this month. Lenox for Chapter 11 bankruptcy protection in November. (Twin Cities Business Journal, MN)
US company takes over Wedgwood Feb 28, 2009
Waterford Wedgwood, which went into administration earlier this year, has been sold to a US private equity firm ... In 1987, it merged with the well-known Irish brand Waterford Crystal to create Waterford Wedgwood. (BBC News -- Americas)
Administrators close to serving u... Feb 21, 2009
Administrators close to serving up Waterford Wedgwood to US fund - Times Online ... Administrators close to serving up Waterford Wedgwood to US fund ... The sale of Waterford Wedgwood, the crystal and ceramics maker, to an American private equity fund for an undisclosed sum is expected to be announced this morning, The Times has learnt. (New York Post -- Business)
Waterford Wedgwood reportedly close to sale Feb 21, 2009
The crystal and ceramics maker Waterford Wedgwood is set to be sold to a U.S. private equity fund for an undisclosed sum, The Times said on Saturday ... Waterford Wedgwood, which owns Waterford Crystal, Wedgwood, Royal Doulton and Rosenthal, has about 8,000 employees worldwide ... KPS had signed a letter of intent to buy Waterford Wedgwood with Deloitte in January, the paper added. (International Herald Tribune)
Need to know: Morrisons appointme... Feb 21, 2009
Waterford Wedgwood: A sale of the crystal and ceramics maker to an American private equity fund for an undisclosed sum is expected to be announced today. Deloitte, the administrator, was in last-minute discussions with KPS Capital Partners, the American private equity group. (New York Post -- Business)
Ireland's Government Injects $9 Billion to Bolster Country's Biggest Banks Feb 12, 2009
Irish house prices have dropped around 10 percent in the last 12 months and unemployment is rising at a record pace as Dell Inc. and Waterford Wedgwood Plc cut jobs and manufacturing and construction contract. Loan Impairments. (Bloomberg -- UK)
Where the jobs have been lost Feb 11, 2009
China and crystal maker Waterford Wedgwood cuts 367 jobs, mostly from its site in Barlaston, Stoke-on-Trent. Bank of Ireland in consultation on planned closure of mortgage office in Solihull, with 165 staff facing redundancy. (BBC News -- UK)
The Irish economy: Reykjavik-on-Liffey Feb 7, 2009
Last month Waterford Wedgwood, a maker of luxury glassware and china, went into receivership; and Dell, a computer maker, announced it was closing its manufacturing plant in Limerick, with the loss of 1,900 jobs, and moving to Poland. The government s public standing could hardly be lower. (The Economist)
