China maker calls in administrators
Ailing crystal and china maker Waterford Wedgwood has called in administrators to its UK arm and parts of its Irish business.
The group - best known for Wedgwood pottery, Royal Doulton and Waterford crystal - collapsed after talks over a possible investment in the business failed and lenders' patience ran out.
Chief executive David Sculley said he was "optimistic" a buyer for the businesses could be found.
Non-executive chairman Sir Anthony O'Reilly added: "We are consoled only by the fact that everything that could have been done, by management and by the board, to preserve the group, was done."
