Majority owners may lose €400m

WATERFORD Wedgwood majority owners Anthony O’Reilly and Peter John Goulandris are set to lose close to €400 million following the collapse of the firm, with a buyer unlikely to be found.

Majority owners may lose €400m
Tue, 06 Jan, 2009 - 00:00

O’Reilly and his brother-in-law own about 51% of Waterford Wedgwood through their investment vehicles, Birchfield Holdings and Stoneworth Investment.

Analysts said yesterday that in this climate it will be very hard find a buyer, meaning this investment would most likely be written off.

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CourtsPerson: Anthony O’ReillyPerson: Peter John GoulandrisPerson: O’ReillyPerson: Ross McEvoyPerson: GoulandrisPerson: Redmond O’DonoghuePerson: McEvoyEvent: Christmas DayOrganisation: Waterford WedgwoodOrganisation: Birchfield HoldingsOrganisation: Stoneworth InvestmentOrganisation: BloxhamOrganisation: O’ReillyOrganisation: GoulandrisOrganisation: Waterford
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