Waterford Crystal
Overview
 
Waterford Crystal is a trademark
Trademark
A trademark, trade mark, or trade-mark is a distinctive sign or indicator used by an individual, business organization, or other legal entity to identify that the products or services to consumers with which the trademark appears originate from a unique source, and to distinguish its products or...

 brand of crystal glassware
Glassware
This list of glassware includes drinking vessels , tableware, such as dishes, and flatware used to set a table for eating a meal, general glass items such as vases, and glasses used in the catering industry whether made of glass or plastics such as polystyrene and...

, previously produced in Waterford
Waterford
Waterford is a city in the South-East Region of Ireland. It is the oldest city in the country and fifth largest by population. Waterford City Council is the local government authority for the city and its immediate hinterland...

, Ireland
Republic of Ireland
Ireland , described as the Republic of Ireland , is a sovereign state in Europe occupying approximately five-sixths of the island of the same name. Its capital is Dublin. Ireland, which had a population of 4.58 million in 2011, is a constitutional republic governed as a parliamentary democracy,...

, though the factory there was shut down after the receivership
Receivership
In law, receivership is the situation in which an institution or enterprise is being held by a receiver, a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights." The receivership remedy is an equitable remedy that emerged in...

 of Waterford Wedgwood
Waterford Wedgwood
Waterford Wedgwood plc is the former holding entity for a group of companies headquartered in Ireland, which specialised in the manufacture of high quality china, porcelain and glass. The group was dominated by Tony O'Reilly and his immediate family, and the family of Mr. O'Reilly's second wife,...

 plc in early 2009. Waterford Crystal is still produced in other locations throughout Europe, notably Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...

 and the Czech Republic
Czech Republic
The Czech Republic is a landlocked country in Central Europe. The country is bordered by Poland to the northeast, Slovakia to the east, Austria to the south, and Germany to the west and northwest....

, by the company WWRD Holdings Ltd.
A crystal business
Business
A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...

 was originally founded in the city in 1783 by George and William Penrose; it produced extremely fine flint glass
Flint glass
Flint glass is optical glass that has relatively high refractive index and low Abbe number. Flint glasses are arbitrarily defined as having an Abbe number of 50 to 55 or less. The currently known flint glasses have refractive indices ranging between 1.45 and 2.00...

 that became world-renowned.
Encyclopedia
Waterford Crystal is a trademark
Trademark
A trademark, trade mark, or trade-mark is a distinctive sign or indicator used by an individual, business organization, or other legal entity to identify that the products or services to consumers with which the trademark appears originate from a unique source, and to distinguish its products or...

 brand of crystal glassware
Glassware
This list of glassware includes drinking vessels , tableware, such as dishes, and flatware used to set a table for eating a meal, general glass items such as vases, and glasses used in the catering industry whether made of glass or plastics such as polystyrene and...

, previously produced in Waterford
Waterford
Waterford is a city in the South-East Region of Ireland. It is the oldest city in the country and fifth largest by population. Waterford City Council is the local government authority for the city and its immediate hinterland...

, Ireland
Republic of Ireland
Ireland , described as the Republic of Ireland , is a sovereign state in Europe occupying approximately five-sixths of the island of the same name. Its capital is Dublin. Ireland, which had a population of 4.58 million in 2011, is a constitutional republic governed as a parliamentary democracy,...

, though the factory there was shut down after the receivership
Receivership
In law, receivership is the situation in which an institution or enterprise is being held by a receiver, a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights." The receivership remedy is an equitable remedy that emerged in...

 of Waterford Wedgwood
Waterford Wedgwood
Waterford Wedgwood plc is the former holding entity for a group of companies headquartered in Ireland, which specialised in the manufacture of high quality china, porcelain and glass. The group was dominated by Tony O'Reilly and his immediate family, and the family of Mr. O'Reilly's second wife,...

 plc in early 2009. Waterford Crystal is still produced in other locations throughout Europe, notably Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...

 and the Czech Republic
Czech Republic
The Czech Republic is a landlocked country in Central Europe. The country is bordered by Poland to the northeast, Slovakia to the east, Austria to the south, and Germany to the west and northwest....

, by the company WWRD Holdings Ltd.

History

A crystal business
Business
A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...

 was originally founded in the city in 1783 by George and William Penrose; it produced extremely fine flint glass
Flint glass
Flint glass is optical glass that has relatively high refractive index and low Abbe number. Flint glasses are arbitrarily defined as having an Abbe number of 50 to 55 or less. The currently known flint glasses have refractive indices ranging between 1.45 and 2.00...

 that became world-renowned. However, their company closed in 1851. In 1947, Czech immigrant Charles Bacik
Charles Bacik
Karel Bacik , was a Czech glass manufacturer and a founder of Waterford Glass.He was born in Nová Říše, graduated from Charles University, Prague, and began working in glass manufacturing in Světlá nad Sázavou in 1935...

, grandfather of Irish senator Ivana Bacik
Ivana Bacik
Ivana Catherine Bacik is an Irish politician and academic. She has been Reid Professor of Criminal Law, Criminology and Penology at Trinity College, Dublin Law School since 1996, and was a made a Fellow of Trinity College Dublin in 2005. She was elected a Senator for the University of Dublin...

, established a glass works in the city, due to the superb reputation of the original glassware. Aided by fellow countryman and designer Miroslav Havel
Miroslav Havel
Miroslav Havel was the chief designer for Waterford Crystal.Born in Držkov, Czechoslovakia, he trained as a glass craftsman in Železný Brod and in the Academy of Art and Industrial Design in Prague. During his study at Umprum, he interned in a glass factory in Světlá nad Sázavou owned by Karel...

, the company started operations in a depressed Ireland. By the early 1950s it had been taken over as a subsidiary of the Irish Glass Bottle company, owned by Joseph McGrath
Joseph McGrath (politician)
Joseph McGrath was an Irish politician and businessman. He was a Sinn Féin and later a Cumann na nGaedheal Teachta Dála for various constituencies in Dublin and County Mayo and developed widespread business interests.-Political career:McGrath was born in Dublin in 1887...

, Richard Duggan and Spencer Freeman of the Irish Hospitals' Sweepstake
Irish Hospitals' Sweepstake
The Irish Hospitals' Sweepstake was a lottery established in the Irish Free State in 1930 as the Irish Free State Hospitals' Sweepstake to finance hospitals, and is often referred to as the Irish Sweepstake...

, heavy investors in Irish business at that time.

Jasper Conran
Jasper Conran
Jasper Alexander Thirlby Conran OBE is an English fashion designer. He is the son of the designer Sir Terence Conran and the author Shirley Conran.-Education:He was educated at Port Regis School and Bryanston School in the 1970s...

 began designing his signature range of crystal for Waterford in 1999. The endeavour has evolved into four unique lines for Waterford and a complementary tableware collection in fine bone china for Wedgwood in 2001. In May 2005, Waterford Wedgwood announced the closure of its factory in Dungarvan
Dungarvan
Dungarvan is a town and harbour on the south coast of Ireland in the province of Munster. Dungarvan is the county town and administrative centre of County Waterford. The town's Irish name means "Garbhan's fort", referring to Saint Garbhan who founded a church there in the seventh century...

 in order to consolidate all operations into the main factory in Kilbarry, Waterford City, where 1,000 people were employed by the company. The move resulted in nearly 500 Dungarvan workers losing their jobs.
Waterford Crystal Limited was, until March 2009, a subsidiary of Waterford Wedgwood
Waterford Wedgwood
Waterford Wedgwood plc is the former holding entity for a group of companies headquartered in Ireland, which specialised in the manufacture of high quality china, porcelain and glass. The group was dominated by Tony O'Reilly and his immediate family, and the family of Mr. O'Reilly's second wife,...

 plc, itself formed through the acquisition by the then Waterford Glass Group of the famous pottery
Pottery
Pottery is the material from which the potteryware is made, of which major types include earthenware, stoneware and porcelain. The place where such wares are made is also called a pottery . Pottery also refers to the art or craft of the potter or the manufacture of pottery...

 manufacturer Josiah Wedgwood
Josiah Wedgwood
Josiah Wedgwood was an English potter, founder of the Wedgwood company, credited with the industrialization of the manufacture of pottery. A prominent abolitionist, Wedgwood is remembered for his "Am I Not A Man And A Brother?" anti-slavery medallion. He was a member of the Darwin–Wedgwood family...

 in 1986. The last chairman was Tony O'Reilly
Tony O'Reilly
Sir Anthony Joseph Francis O'Reilly is an Irish businessman and former international rugby union player. He is known for his involvement the Independent News & Media Group, which he led from 1973 to 2009, and as former CEO and Chairman of the H.J. Heinz Company. He was the leading shareholder of...

, and the CEO John Foley. The leading shareholders of the holding company were former billionaire O'Reilly and his family, joined in the last decade by O'Reilly's brother-in-law, Greek shipping heir Peter Goulandris. Waterford Wedgwood was forced into receivership in early 2009. On 5 January 2009, news of the receivership of Waterford Wedgwood Ltd. was announced in Ireland and the UK.

On 30 January 2009 it was announced that the Waterford Crystal plant in Kilbarry was to shut down immediately, despite earlier promises to discuss any such move with the unions in advance. The Kilbarry operation featured a tourist centre offering guided tours of the factory, a gift shop, café, and gallery. Many of the employees performed an unofficial sit-in The sit-in made the BBC News
BBC News
BBC News is the department of the British Broadcasting Corporation responsible for the gathering and broadcasting of news and current affairs. The department is the world's largest broadcast news organisation and generates about 120 hours of radio and television output each day, as well as online...

, hoping to prevail upon receiver Deloitte to retain those jobs. On 4 February 2009, there were protests across the city at how the workers were being treated. On 27 February 2009, the receiver
Receivership
In law, receivership is the situation in which an institution or enterprise is being held by a receiver, a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights." The receivership remedy is an equitable remedy that emerged in...

, David Carson of Deloitte
Deloitte Touche Tohmatsu
Deloitte Touche Tohmatsu Limited , commonly referred to as Deloitte, is one of the Big Four accountancy firms along with PricewaterhouseCoopers , Ernst & Young, and KPMG....

, confirmed US equity firm KPS Capital were to purchase certain overseas assets and businesses of the Waterford Wedgwood Group. The sit in ended in March, 2009 after workers agreed to split a payment of €10m. The fight by the workers to keep the factory open is chronicled in a PBS online documentary.

Under the receivership managed by Deloitte, ownership of most of Waterford Wedgwood plc's assets was transferred to KPS Capital Partners
KPS Capital Partners
KPS Capital Partners is a private equity firm focused on control investments in middle-market companies through special situations transactions such as turnarounds, restructurings, bankruptcies, and corporate divestitures...

 in March 2009. Waterford Crystal, along with Wedgwood
Wedgwood
Wedgwood, strictly speaking Josiah Wedgwood and Sons, is a pottery firm owned by KPS Capital Partners, a private equity company based in New York City, USA. Wedgwood was founded on May 1, 1759 by Josiah Wedgwood and in 1987 merged with Waterford Crystal to create Waterford Wedgwood, an...

, Royal Doulton
Royal Doulton
The Royal Doulton Company is an English company producing tableware and collectables, dating to 1815. Operating originally in London, its reputation grew in The Potteries, where it was a latecomer compared to Spode, Wedgwood and Minton...

, and other brands, were transferred to the new company WWRD Holdings Ltd. The sale did not include the factory or visitor centre in Kilbary, Ireland. The visitor centre shut its doors on January 22, 2010. A new visitor and manufacturing facility opened in June 2010.

Products

Waterford produces many patterns of lead crystal stemware, including lines such as Adare, Alana, Colleen, Kincora, Lismore, Maeve, Tramore, and many others.

In 1966 Waterford's chandelier
Chandelier
A chandelier is a branched decorative ceiling-mounted light fixture with two or more arms bearing lights. Chandeliers are often ornate, containing dozens of lamps and complex arrays of glass or crystal prisms to illuminate a room with refracted light...

s were installed in Westminster Abbey
Westminster Abbey
The Collegiate Church of St Peter at Westminster, popularly known as Westminster Abbey, is a large, mainly Gothic church, in the City of Westminster, London, United Kingdom, located just to the west of the Palace of Westminster. It is the traditional place of coronation and burial site for English,...

 for the 900th anniversary of the dedication of the abbey after Christoper Hildyard, a minor canon of the abbey for 45 years, convinced the Guinness family to pay for them. Chandeliers hang in other notable buildings, such as Windsor Castle
Windsor Castle
Windsor Castle is a medieval castle and royal residence in Windsor in the English county of Berkshire, notable for its long association with the British royal family and its architecture. The original castle was built after the Norman invasion by William the Conqueror. Since the time of Henry I it...

, and the Kennedy Center
John F. Kennedy Center for the Performing Arts
The John F. Kennedy Center for the Performing Arts is a performing arts center located on the Potomac River, adjacent to the Watergate complex in Washington, D.C...

, Washington, D.C.
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....

 Waterford Crystal made the 2,668 crystals for the famous New Year's Eve Ball that is dropped each year in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...

's Times Square
Times Square
Times Square is a major commercial intersection in the borough of Manhattan in New York City, at the junction of Broadway and Seventh Avenue and stretching from West 42nd to West 47th Streets...

. The ball is a 11,875 pound geodesic
Geodesic
In mathematics, a geodesic is a generalization of the notion of a "straight line" to "curved spaces". In the presence of a Riemannian metric, geodesics are defined to be the shortest path between points in the space...

 orb, 12 foot in diameter and is lit by 32,256 Philips
Philips
Koninklijke Philips Electronics N.V. , more commonly known as Philips, is a multinational Dutch electronics company....

 Luxeon Rebel LED
LEd
LEd is a TeX/LaTeX editing software working under Microsoft Windows. It is a freeware product....

s.

Sporting trophies are also crafted by Waterford, such as the Masters Series crystal shield trophies that are awarded to the winner of each of the nine men's professional tennis Masters Series tournaments, the AFCA National Championship Trophy
AFCA National Championship Trophy
The AFCA National Championship Trophy is the trophy awarded by the American Football Coaches Association to the winner of college football's BCS National Championship Game, which determines the national champion for purposes of the Coaches Poll...

 that is awarded to the US college football
College football
College football refers to American football played by teams of student athletes fielded by American universities, colleges, and military academies, or Canadian football played by teams of student athletes fielded by Canadian universities...

 team which finishes the season at the top of the Coaches Poll
Coaches Poll
The USA Today Coaches' Poll is the current name for a weekly ranking of the top 25 NCAA Division I Football Bowl Subdivision college football and Division I college basketball teams....

, and a representation of the Ashes
The Ashes
The Ashes is a Test cricket series played between England and Australia. It is one of the most celebrated rivalries in international cricket and dates back to 1882. It is currently played biennially, alternately in the United Kingdom and Australia. Cricket being a summer sport, and the venues...

 urn that is presented to the winners of the Test cricket
Test cricket
Test cricket is the longest form of the sport of cricket. Test matches are played between national representative teams with "Test status", as determined by the International Cricket Council , with four innings played between two teams of 11 players over a period of up to a maximum five days...

 series between England and Australia.

Also crafted by Waterford are the winning trophies for the French and German Grand Prix in Formula One
Formula One
Formula One, also known as Formula 1 or F1 and referred to officially as the FIA Formula One World Championship, is the highest class of single seater auto racing sanctioned by the Fédération Internationale de l'Automobile . The "formula" designation in the name refers to a set of rules with which...

, a bat and ball trophy presented at the final game at Yankee Stadium to Derek Jeter
Derek Jeter
Derek Sanderson Jeter is an American baseball shortstop who has played 17 years in Major League Baseball for the New York Yankees. A twelve-time All-Star and five-time World Series champion, Jeter's clubhouse presence, on-field leadership, hitting ability, and baserunning have made him a central...

 and a a glass tennis racket for Boris Becker. They also design the trophies for the People's Choice Awards
People's Choice Awards
The People's Choice Awards is an American awards show recognizing the people and the work of popular culture. The show has been held annually since 1975 and is voted on by the general public. The People's Choice Awards air on CBS and are produced by Procter & Gamble and Survivor magnate Mark Burnett...

.

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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