Waterford Wedgwood pays €22m for mail order company

WATERFORD WEDGWOOD yesterday bought the Cork-based Cash’s and Shannon mail order business from Fairway Investments Limited for €22.04 million.

The move came as Davy Stockbrokers predicted Waterford Wedgwood’s first half results, due November 13, would confirm it is on track to deliver a 25% improvement in earnings per share for the full year, from last year’s post-September 11 depressed levels.

Waterford Crystal chief executive, John Foley said he was excited about the purchase, which would provide significant opportunities for growth.