WWRD Holdings Ltd. has denied a recent Reuters report that claimed owner KPS Capital Partners is exploring a sale of the company.
“WWRD is not for sale. The company remains entirely focused on growing its business around the world and its brand portfolio is in better shape than ever,” a company spokesperson told HOMEWORLD BUSINESS®.
Reuters had reported earlier this week that WWRD Holdings Ltd. is in the early stages of exploring a sale of the company, citing unnamed sources they say were “familiar with the matter.” WWRD houses the tabletop brands Waterford, Wedgwood, and Royal Doulton.
The report had said that KPS Capital Partners LP, which owns WWRD Holdings, is interviewing investment banks about the potential sale, with a goal set for early in 2015. WWRD denied this to HomeWorld yesterday.
KPS Capital Partners had acquired certain assets of Waterford Wedgwood PLC and formed the new company WWRD Holdings in March of 2009, after the company had filed for bankruptcy.
KPS had not returned a request for comment.