Former staff hopeful as Waterford Wedgwood bought by US firm

THERE is strong hope that some of the 480 staff let go by Waterford Wedgwood when the luxury tableware goods company went into receivership in January will be saved.

It emerged last night that the company had been bought by US-based private equity firm, KPS Capital Partners.

A statement from Waterford’s receiver — David Carson of Deloitte — said that a deal had been reached with WWRD Holdings, a newly formed company by KPS, to acquire several of the group’s Irish and British subsidiaries.