Waterford shattered by its debt burden

Towards the end, Tony O’Reilly simply stopped writing cheques to continuously bail out his ailing company

10th January, 2009

Tony O’Reilly must wonder where it all went wrong with Waterford Wedgwood. His resignation from the board and the firm’s eventual stumble into receivership last week will come as a bitter pill. The media magnate may take some comfort from the fact that international economic factors conspired against him in the last few years. But on the other hand, there were more than enough warning signs a few years ago that Waterford Wedgwood’s days, as...

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