Tuesday, January 6, 2009
Waterford Wedgwood, the famous British firm, lost so much money in the past few years it was forced to file for bankruptcy protection on Monday (January 5). Most of the firm's ceramics are now made in Jakarta, Indonesia (look at the bottom of new dishes in any store), and much of its Waterford Crystal is made by subcontractors in Eastern Europe. Waterford and Wedgwood are brands that have been around for almost 250 years. The Royal Doulton and Rosenthal brands are also owned by the company. Royal Worcester and Spode filed for bankruptcy last November. Collectors will have to wait to see what happens to these famous English glass and ceramics brands. They could disappear.