Waterford Wedgwood

Waterford Wedgwood

Waterford Wedgwood plc is the former holding entity for a group of companies headquartered in Ireland, which specialised in the manufacture of high quality china, porcelain and glass. The group was dominated by Tony O'Reilly and his immediate family, and the family of Mr. O'Reilly's second wife, Chryss, the two families together having had invested hundreds of millions of euros in it. Its financial record had been mixed, and significant cost-cutting had been ongoing for many years. In 2009, parts of the Group, including the main Irish and UK operations, were placed in receivership and were acquired by the New York-based private equity firm KPS Capital Partners.