Comment: What now for Wedgwood as woes continue?

Waterford Wedgwood’s €100 million fund raising announced last week will be the fifth time it has sold paper to raise funds in just three and a half years.

7th April, 2007

Waterford Wedgwood’s €100 million fund raising announced last week will be the fifth time it has sold paper to raise funds in just three and a half years.

The group’s chairman and deputy chairman, Tony O’Reilly and Peter Goulandris, will take up their €51 per cent share at a cost of €51 million and have agreed to underwrite the rest of the offer. Based on the poor take-up of some of the previous...

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