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    Wedgwood going into administration - even older than woolworths

    Wedgwood to seek administration
    A Royal Doulton figurine produced for the Waterford Wedgwood group
    Waterford Wedgwood is confident a buyer can be found for the firm

    China and ceramics firm Waterford Wedgwood has said it expects to call in administrators to its UK arm on Monday.

    It has also requested that its shares be suspended from trading on the Irish Stock Exchange with immediate effect.

    A receiver from Deloitte has been appointed to its Irish arm and some Irish subsidiaries, still to be named.

    Chief executive David Sculley said he was "disappointed" some of the group's UK and Irish subsidiaries had had to go into administration or receivership.

    But he was optimistic that a buyer could be found for the business, known for its Wedgwood pottery, Royal Doulton and Waterford crystal.

    'Tireless' efforts

    The company, which is based in Waterford in the Irish Republic, has a factory in Barlaston, Stoke-on-Trent, which employs 1,100 people.

    9 Comments

    Im back at work today and normally I would be depressed about it but in times like these, am just happy to have a job.

    This is gutting news for them so soon after the festive period :-(

    Banned

    Shame a huge company like that with massive name in history is facing this

    My old boss works there now, hope he's ok cause its a shame for him

    That's terrible news, I fear we may well be hearing of companies going into administration on a daily basis now.

    I remember Wedgwood taking over Royal Doulton a few years back.

    T'pau

    Original Poster

    Alfonse;3953179

    T'pau



    china in your hands about 1987??:w00t:

    holly100;3953247

    china in your hands



    this is what the Administrators are saying...............


    groan

    Banned

    does this mean bargain hunt wont be on any more

    Banned

    excellent it means all the old tat me mum n dad have is all gonna go up in value

    bonus!!
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