Deathwatch - Wedgewood ready to call in the administrators
Your grandmother and her friends may adore crappy porcelain figures of girls in bright blue bonnets walking a labrador, but they'll all be dead soon, and it's not the sort of stuff you're keen to see grace your IKEA coffee table.
And so the bony digits of Deathwatch finger the china and ceramics firm Wedgewood who, according to the BBC, are expecting to call in the administrators today. The company, which has just entered is 250th year, has also requested that shares be suspended from trading on the Irish Stock Exchange. Nearly 3,000 staff are employed across the UK and Ireland, with another 5,000 working for Wedgewood around the world.
Sir Anthony O'Reilly, non-executive Chairman said: "We are consoled only by the fact that everything that could have been done, by management and by the board, to preserve the group, was done."
While the company remains hopeful of finding a buyer, its collapse could be the harbinger of doom for chains such as Collectables; everyone can manage without expensive gifts and trinkets during a recession, and crystal vases may take a long time to come back into fashion.