Buyers move in on Wedgwood
PARTS of failed china and crystal maker Waterford Wedgwood could be sold to private equity after buyout group KPS Capital Partners signed a letter of intent, administrators said last night.
New York-based KPS is thrashing out the final details of a potential takeover of "certain assets" of the group, which collapsed into administration this week. Waterford Wedgwood chief executive David Sculley said the agreement with KPS was a "critical step forward" for Waterford Wedgwood.
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Weather for Edinburgh
Saturday 18 February 2012
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Cloudy
Temperature: -2 C to 6 C
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