€50m boost for Waterford Wedgwood

WATERFORD Wedgwood is to get a €50 million investment from a leading US investor, said chairman Tony O’Reilly.

Preference shares will be issued to the investment company, understood to be Lazard, the listed US investment bank, according to market sources.

The company hopes to have raised €200m by the year end, including a further €17m from the chairman and his brother-in-law Peter John Goulandris, plus €33m to be taken up by other investors.