Waterford Wedgwood gets another €25m from O’Reilly and Goulandris

Tony O’Reilly and Peter Goulandris have handed over an additional €25million in emergency funding in recent days to Waterford Wedgwood, the troubled luxury goods group in which they have a 51 per cent stake, bringing their total contribution to €50 m

2nd June, 2007

Tony O’Reilly and Peter Goulandris have handed over an additional €25million in emergency funding in recent days to Waterford Wedgwood, the troubled luxury goods group in which they have a 51 per cent stake, bringing their total contribution to €50 million in the last month alone.

O’Reilly, Waterford’s chairman, and Goulandris, the deputy chairman, agreed to a fresh cash injection after the company’s EGM on May 24, which saw shareholders approve a €100...

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