The Waterford Wedgwood group has been sold to American private equity company KPS Capital. The deal, which was widely expected, was announced on Friday.
It includes Waterford, Wedgwood and Royal Doulton but excludes Rosenthal, which was also a part of the Waterford Wedgwood empire.
There have been no announcements yet on job prospects for the firm’s Stoke-on-Trent and Waterford based manufacturing staff. According to one report, KPS have not agreed to take over the Waterford manufacturing plant, which stopped production on 5th January when the firm went into receivership. There are fears that more Wedgwood jobs will go abroad – the company already employs more than 1,500 workers at its plant in Indonesia.