Home  >  Community  >  The eBay Outlook  >  Waterford & Wedgwood Filing for Bankruptcy


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 ladyjewels2000
 
posted on January 7, 2009 01:49:36 AM
It was on the news last night that they are filing bankruptcy.
Sad sign of the times.

 
 hwahwa
 
posted on January 7, 2009 10:01:56 AM
They have been making waterford crystals in Eastern Europe,they still cant compete with low cost Southeast Asian manufacturers.
*
Economic Reform act of Chairman Obama of the socialist States of America :
10 ounces of meat per month,half a yard of cotton per year per adult.
Hellilujah!
 
 carolinetyler
 
posted on January 7, 2009 12:13:11 PM
They also own Royal Doulton, which I had not realized.
~~~~~~~~~~~~~~~~~~
Caroline
 
 kasue
 
posted on January 8, 2009 06:36:36 AM
I read that they are going to quit making Hummels after August. Better pick them up now while you can. Hopefully, it will help the market on them.

Karen
 
 kiara
 
posted on January 8, 2009 09:41:56 AM
Times Online has an article on it also.

January 6, 2009

Josiah Wedgwood: ruthless innovator whose legacy was left in pieces by the Ikea generation

They should have been celebrating Josiah Wedgwood’s 250th anniversary this year. It was in 1759 that Wedgwood – potter, innovator, ruthless perfectionist and shameless self-promoter – first set up his own business in the Staffordshire village of Burslem

“People are more likely to go to their local supermarket for their dinner service. For a lot of people, dinner is sitting down in front of the TV with their Ikea plates on their lap and their Ikea mug. Times, and tastes, have changed.”

Not only was there a shrinking market for the products, there was always someone somewhere else who could produce them for a fraction of the cost. After the Royal Doulton factory in Staffordshire was closed in September 2005, production was moved to Indonesia, where labour costs are one tenth of those in Britain.

Legacy left in pieces by Ikea generation


 
 
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