http://news.yahoo.com/s/ap/20090105/...rford_wedgwood
LONDON - Waterford Wedgwood PLC, the maker of classic china and crystal,
filed for bankruptcy protection on Monday after attempts to restructure the
struggling business or find a buyer failed.
Four administrators from business advisory firm Deloitte were appointed to
run the company's businesses in Britain and Northern Ireland, while a
Deloitte partner in the Irish Republic was appointed as receiver of
Waterford Wedgwood PLC, the ultimate parent of the U.K. companies, and other
Irish subsidiaries.
The U.K. joint administrators said they intended to continue to run the
business as they seek a buyer. Trading in the company's shares was suspended
on the Irish Stock Exchange where they languished at just one-tenth of a
euro cent and the company's directors - including Anthony O'Reilly, the
Irish publishing magnate who along with his brother-in-law Peter Goulandris
owns more than half of all Waterford Wedgwood shares - handed in their
resignations