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WWRD Holdings Limited
WWRD Holdings Limited is a company that was created by KPS Capital Partners in 2009 out of the remains of Irish firm Waterford Wedgwood plc, and it has been owned since 2015 by Finnish home products maker Fiskars. The company owns Waterford Crystal, Wedgwood and Royal Doulton, among other brands, and the name WWRD is an acronym for 'Waterford Wedgwood Royal Doulton'. History On 5 January 2009, following years of financial problems at the group level, and after a share placement failed during the global financial crisis of 2008, Waterford Wedgwood was placed into administration on a "going concern" basis, with 1800 employees remaining. On 27 February 2009, Waterford Wedgwood's receiver, Deloitte, announced that the New York-based private equity firm KPS Capital Partners had purchased "certain Irish and UK assets of Waterford Wedgwood and the assets of several of its Irish and UK subsidiaries" in a transaction expected to be completed in March. In March 2009, KPS Capital Partne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Waterford Wedgwood
Waterford Wedgwood plc was an Irish holding company for a group of firms that specialized in the manufacture of high-quality porcelain, bone china and glass products, mostly for use as tableware or home decor. The group was dominated by Irish businessman Tony O'Reilly and his family, including his wife Chryss Goulandris and her family, with the two families together having invested hundreds of millions of euros in it. The group's financial record was mixed, and significant cost-cutting had been ongoing for many years. In 2009, parts of the group, including the main Irish and UK operations, were placed into receivership and acquired by KPS Capital Partners, a New York-based private equity firm. Waterford Crystal and Wedgwood, along with Royal Doulton and other brands, were transferred to a new company named WWRD Holdings Limited (with WWRD as an acronym for 'Waterford Wedgwood Royal Doulton'). In July 2015, WWRD Holdings was acquired by Fiskars, a Finnish consumer goods company. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
KPS Capital Partners
KPS Capital Partners is an American investment company that manages KPS Special Situation Funds, a family of investment funds. KPS specifically invests out of two funds raised in October 2019: KPS Special Situations Fund V ($6.12 billion) and KPS Mid-Cap Fund ($1.02 billion). History The company was founded in 1991 by Eugene Keilin, Michael Psaros, and David Shapiro, hence the KPS name. KPS raised its first institutional fund in 1998. On May 6, 2019, KPS Capital Partners signed an agreement with Brunswick Corporation to purchase its fitness business valued at $490 million in an all cash transaction. In 2020, KPS completed five platform investments, including IKG (January 2020), Lufkin Industries (June 2020), Briggs & Stratton (September 2020), AM General (October 2020) and Hussey Copper (December 2020). In 2021, KPS announced the acquisition of the aluminum rolling business from Norsk Hydro and the EMEA food and consumer packaging business from Crown Holdings. Operations Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Household Goods
Household goods are good (economics), goods and product (business), products used within households. They are the tangible property, tangible and movable personal property placed in the rooms of a house, such as a bed or refrigerator. Economic role Businesses that produce household goods are categorized as Procyclical, Cyclical Consumer Products by the Thomson Reuters Business Classification and are organized into three sub-categories: *Consumer electronics, Consumer Electronics, *Home appliance, Appliances, tools and housewares *Home Furnishings (such as furniture) Household goods are a significant part of a country's economy, with their purchase the topic of magazines such as ''Consumer Reports'', their relocation handled by Moving company, moving companies, and their disposal or redistribution facilitated by companies like Goodwill Industries, services like classified advertising and Craigslist, and events such as garage sales and car boot sales. Their safety is often regulate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiskars
Fiskars Group (also known as Fiskars Oyj Abp or Fiskars Corporation, and until 1998 as Fiskars Oy Ab) is a Finnish group company. The company has its roots in the village of Fiskars (in the town of Raseborg, about west of Helsinki), where it was founded in 1649. The oldest business still operating in Finland, its global headquarters are in the Arabianranta district of Helsinki. It is one of the oldest companies in the world. The company has operated in various sectors over the decades. Fiskars was formerly best known for its orange-handled scissors, which were created in 1967. More than one billion were sold by 2010. In 2019, its products related to the home, outdoor activities, interior decoration and table setting. Its key brands today include Fiskars, Iittala, Royal Copenhagen, Wedgwood and Waterford. The Finnish marketing magazine ''Markkinointi & Mainonta'' found that Fiskars' brands are regularly among Finland's most valued brands. History The early stages (1649–19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Waterford Crystal
Waterford Crystal is a manufacturer of lead glass or "crystal", especially in cut glass, named after the city of Waterford, Ireland. In January 2009, the main Waterford Crystal manufacturing base on the edge of Waterford was closed due to the insolvency of Waterford Wedgwood PLC, and in June 2010, Waterford Crystal relocated almost back to the roots of glass-making in the city centre. The Mall location holds both a manufacturing facility that melts over 750 tonnes of crystal a year - although most Waterford Crystal is now produced outside Ireland - and a visitor centre with the world's largest collection of Waterford Crystal. As of 2015, the brand is owned by the Fiskars Corporation. History The Waterford Glassworks The origins of crystal production in Waterford date back to 1783 when George and his nephew William Penrose started their business, the Waterford Glassworks. It produced extremely fine flint glass that became world-renowned. Their Waterford company closed in June ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wedgwood
Wedgwood is an English fine china, porcelain and luxury accessories manufacturer that was founded on 1 May 1759 by the potter and entrepreneur Josiah Wedgwood and was first incorporated in 1895 as Josiah Wedgwood and Sons Ltd. It was rapidly successful and was soon one of the largest manufacturers of Staffordshire pottery, "a firm that has done more to spread the knowledge and enhance the reputation of British ceramic art than any other manufacturer", exporting across Europe as far as Russia, and to the Americas. It was especially successful at producing fine earthenware and stoneware that were accepted as equivalent in quality to porcelain (which Wedgwood only made later) but were considerably cheaper. Wedgwood is especially associated with the "dry-bodied" (unglazed) stoneware Jasperware in contrasting colours, and in particular that in "Wedgwood blue" and white, always much the most popular colours, though there are several others. Jasperware has been made continuously ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Doulton
Royal Doulton is an English ceramic and home accessories manufacturer that was founded in 1815. Operating originally in Vauxhall, London, and later moving to Lambeth, in 1882 it opened a factory in Burslem, Stoke-on-Trent, in the centre of English pottery. From the start, the backbone of the business was a wide range of utilitarian wares, mostly stonewares, including storage jars, tankards and the like, and later extending to pipes for drains, lavatories and other bathroom ceramics. From 1853 to 1901, its wares were marked Doulton & Co., then from 1901, when a royal warrant was given, Royal Doulton. It always made some more decorative wares, initially still mostly stoneware, and from the 1860s, the firm made considerable efforts to get a reputation for design, in which it was largely successful, as one of the first British makers of art pottery. Initially this was done through artistic stonewares made in Lambeth, but in 1882 the firm bought a Burslem factory, which was main ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Acronym
An acronym is a word or name formed from the initial components of a longer name or phrase. Acronyms are usually formed from the initial letters of words, as in ''NATO'' (''North Atlantic Treaty Organization''), but sometimes use syllables, as in ''Benelux'' (short for ''Belgium, the Netherlands, and Luxembourg''). They can also be a mixture, as in ''radar'' (''Radio Detection And Ranging''). Acronyms can be pronounced as words, like ''NASA'' and ''UNESCO''; as individual letters, like ''FBI'', ''TNT'', and ''ATM''; or as both letters and words, like '' JPEG'' (pronounced ') and ''IUPAC''. Some are not universally pronounced one way or the other and it depends on the speaker's preference or the context in which it is being used, such as '' SQL'' (either "sequel" or "ess-cue-el"). The broader sense of ''acronym''—the meaning of which includes terms pronounced as letters—is sometimes criticized, but it is the term's original meaning and is in common use. Dictionary and st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Global Financial Crisis Of 2008
Global means of or referring to a globe and may also refer to: Entertainment * ''Global'' (Paul van Dyk album), 2003 * ''Global'' (Bunji Garlin album), 2007 * ''Global'' (Humanoid album), 1989 * ''Global'' (Todd Rundgren album), 2015 * Bruno J. Global, a character in the anime series ''The Super Dimension Fortress Macross'' Companies and brands Television * Global Television Network, in Canada ** Global BC, on-air brand of CHAN-TV, a television station in Vancouver, British Columbia, Canada ** Global Okanagan, on-air brand of CHBC-TV, a television station in Kelowna, British Columbia, Canada ** Global Toronto, a television station in Toronto ** Global Edmonton ** Global Calgary ** Global Montreal ** Global Maritimes ** Canwest Global, former parent company of Global Television Network * Global TV (Venezuela), a regional channel in Venezuela Other industries * Global (cutlery), a Japanese brand * Global Aviation Holdings, the parent company of World Airways, Inc., and North Am ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Receivership
In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in cases where a company cannot meet its financial obligations and is said to be insolvent.Philip, Ken, and Kerin Kaminski''Secured Lender'', January/February 2007, Vol. 63 Issue 1, pages 30-34,36. The receivership remedy is an equitable remedy that emerged in the English chancery courts, where receivers were appointed to protect real property. Receiverships are also a remedy of last resort in litigation involving the conduct of executive agencies that fail to comply with constitutional or statutory obligations to populations that rely on those agencies for their basic human rights. Receiverships can be broadly divided into two types: *Those related to insolvency or enforcement of a security interest. *Those where either **One is Incapable of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deloitte
Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of professionals in the world and is considered one of the Big Four accounting firms along with EY (Ernst & Young), KPMG and PricewaterhouseCoopers (PWC). The firm was founded by William Welch Deloitte in London in 1845 and expanded into the United States in 1890. It merged with Haskins & Sells to form Deloitte Haskins & Sells in 1972 and with Touche Ross in the US to form Deloitte & Touche in 1989. In 1993, the international firm was renamed Deloitte Touche Tohmatsu, later abbreviated to Deloitte. In 2002, Arthur Andersen's practice in the UK as well as several of that firm's practices in Europe and North and South America agreed to merge with Deloitte. Subsequent acquisitions have included Monitor Group, a large strategy consulting business, in Janu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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