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Another casualty of the Global economic crisis

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Old 01-07-2009, 04:42 AM   #11
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Re: Another casualty of the Global economic crisis

PS. I never really took much notice of Wedgewood's Jasperware before ...but I quite like some of the designs.








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Originally Posted by Harry Plopper View Post

I wonder how Swarovski is doing.
Yeah,

they have done very well in the past decade -- for a while Swarovski crystal seemed to be everywhere!

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Also ... most luxury-goods makers & designers are experiencing huge drops in demand & orders.
It is the traditional skills used to make the very special luxury goods that risk being lost ...that is sad.


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I got some latest reports on my table earlier today ... Ouch! The forecasts are even more devastating than they were one month ago. I'm now more than 100% sure the world is going to experience a major economic shake-up in the next few years. And before that the crisis is going to deepen even more.
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Old 01-07-2009, 09:01 AM   #12
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Re: Another casualty of the Global economic crisis

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Originally Posted by Hypersonic View Post
^ i'm not sure Diva .....I wonder if Rosenthal might be saved/sold because it is quite a mainstream (mass-prodution) manufacturer of good quality products ...but is genrally more modern than Wedgewood.
Both the Wedgewood and Rosentahal brands will survive, someone will buy the brands in receivership and relaunch them. Whittard Tea went belly-up a month or so ago and are continuing business after managment (or a private equity firm, I forget which) bought the brand and assets from the bankruptcy administrator.

Honestly, this is what needs to happen with the US automakers. Go through bankruptcy to remove/renegotiate their legacy costs and relaunch as leaner more nimble companies.
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