US firm in talks to buy Waterford Wedgwood assets
A US private-equity firm that specialises in buying troubled and bankrupt companies could be set to save Waterford Wedgwood from going out of business.
The heavily indebted company, which has been experiencing financial difficulties for some time, was placed in receivership earlier this week.
The administrators have confirmed, however, that KPS Capital Partners has signed a letter of intent to purchase some of Waterford Wedgwood's assets.
They say they are working to conclude a deal, but are also speaking to other potential buyers.
It is unclear how the proposed sale would affect the 800 workers employed at Waterford Crystal.
