The Company From 1986 To 2008
In 1986, Waterford Glass Group plc purchased Wedgwood plc for $USD360 million, with Wedgwood delivering a 38.7 million USD profit in 1998 (when Waterford itself lost $28.9 million) after which the group was renamed Waterford Wedgwood. From early 1987 to early 1989, the CEO was Patrick Byrne, previously of Ford, who then became CEO of the whole group. During his time, he sold off non-core businesses, and reduced the range of Wedgwood patterns from over 400 to around 240. In the late 1990s, the CEO was Brian Patterson. From 1 January 2001, the Deputy CEO was Tony O'Reilly, Junior, who was appointed CEO in November of the same year and resigned in September 2005. He was succeeded by the then president of Wedgwood USA, Moira Gavin up until the company went into administration in 2009.
In 2001 Wedgwood launched a collaboration with designer Jasper Conran which started with a white fine bone china collection then expanded to include seven patterns.
Read more about this topic: Wedgwood
Famous quotes containing the word company:
“... we may remember what the Romans ... thought a cultivated person ought to be: one who knows how to choose his company among men, among things, among thoughts, in the present as well as in the past.”
—Hannah Arendt (1906–1975)