Waterford to hold EGM on All-Clad

Luxury good group Waterford Wedgwood will hold an extraordinary general meeting to approve the sale of its American All-Clad home cookware subsidiary on July 26.

If shareholders approve the deal, the company will use most of the sale proceeds to repay approximately €190m of the group's debt.

The company also issued a brief trading update yesterday and said current trading was broadly in line with last year. First quarter sales volumes were expected to be 1% higher than the same period last year.