Before you frantically start buying up a lifetime’s supply of 60 Second Fix (isn’t it the best hand therapy EVER?!?), I’ve got the scoop on the Crabtree & Evelyn bankrupcy rumours that started circulating this weekend…
Crabtree & Evelyn U.S. has indeed filed for Chapter 11 protection, but hopes are high that it will emerge successfully. The sitch south of the border, however, does not affect Crabtree’s operations in Canada, where it’s business as usual. Whew!Â
What a horrible start to the new year… I actually felt sick when I heard rumours this morning, and an Associated Press story confirmed my worst fears this afternoon. Waterford Wedgwood has just filed for bankruptcy protection… This comes in the iconic china and crystal maker’s 250th anniversary year, and sets a terrible tone for the year ahead. If Waterford Wedgwood — a name that epitomized quality and style for two and a half centuries — couldn’t survive this global recession, what’s around the corner? It’s been suggested that the lines may continue under new owners, but it almost certainly spells the end of Waterford Wedgwood’s British manufacturing plants. So sad…
Médias Transcontinental
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