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<p>[QUOTE=&quot;TheOLdGuy, post: 84648, member: 878&quot;]What&#039;s the REAL scoop on Waterford??</p><p>I visited them on a trip to Ireland in 2000? Some years later a friend from Ireland visited here. He gave us the news that Waterford had not only closed, but destroyed all their molds to prevent knock-offs. I&#039;m pretty sure they are still in business. This , just found, seems closer to facts.</p><p><br /></p><p><b>The new owner of Waterford Wedgwood is a private equity firm known as KPS Capital Partners. They specialize in buying troubled firms, shedding legacy costs and turning them around by ‘making more things with less people’. This process is sometimes referred to as ‘strip and rip’ in private equity circles where legacy costs are stripped from a company by bankruptcy or other means and then the high-profile brand names are kept while ripping out most of the manufacturing base and relocating it to much lower-cost overseas locations. </b>-[/QUOTE]</p><p><br /></p>

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