Waterford Wedgwood files for bankruptcy

Waterford Wedgwood, the famous British crystal and ceramics firm whose name is synonymous with quality, was forced to file for bankruptcy protection on Jan. 5, 2009, as share values recently plummeted and were traded at one tenth of a euro cent. The firm remains in operation and is still looking for a buyer to help it out of its economic woes.

Though headquartered in Ireland, most of the company’s ceramics are currently produced in Jakarta, Indonesia; and much of its Waterford crystal is made in Eastern Europe. Waterford and Wedgwood are brands that have been around for almost 250 years.

The Royal Doulton and Rosenthal brands are also owned by the company.

At this point, one can only speculate what effects the filing will have on the antiques and collectibles markets.

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