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Economic downturn
- The economic downturn caused the company to go into receivership on the 30th of January 2009. A year later, an agreement was made between Waterford City Council and WWRD Group Holdings Ltd. They opened a new manufacturing and retail facility in Waterford. This gave a much-needed boost to the brand but also the city of Waterford itself.
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The origins of crystal production in Waterford date back to 1783 [2] 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 1851, [3] with the loss of 53–100 jobs.
Oct 12, 2013 · But this week, after the site went into receivership in 2009, demolition work finally began on the former Waterford Crystal plant in Kilbarry in Waterford city, bringing an era to an end for...
In 1986 Waterford Glass Ltd. acquired Wedgwood, the prestigious North Staffordshire pottery in England that has specialised since 1759 in exquisite bone china and earthenware. Wedgwood is arguably the greatest name in ceramics in the world today and was strong in markets where Waterford needed to develop.
Jun 27, 2024 · StoryPlus. How Waterford became the beating heart of Ireland for crystal manufacturing. There's no doubt that what first attracts many to visit Waterford City is the legacy of its famous...
- Irish Independent
However, in 1853 after 70 years of operating, the Penrose brothers' glass making factory fell victim to a turn of events that echo today’s business woes and was sadly forced to close.
Aug 30, 2023 · Within a year, the business was in full operation as the Penrose’s made all kinds of useful and ornamental flint glass. Inevitably, the factory began to grow. In search of the best craftsmen, blowers, cutters and engravers - it’s said that it cost the Penrose’s £1000 to build and equip the factory.
Jan 9, 2019 · Ten years after ‘The Glass’ went into receivership, he recalls one of Waterford’s bleakest economic hours… It was early on Monday morning, January 5th, 2009 that Waterford Crystal went into receivership, officially and permanently closing its doors at the Kilbarry site.