Page last updated at 08:34 GMT, Tuesday, 3 March 2009

Investor meeting set for Wedgwood

Wedgwood cup and saucer
The meeting with the creditors will be held at Stoke's Britannia Stadium

A date has been set for a meeting of the creditors of Waterford Wedgwood after it was announced the company has been sold to a US equity firm.

Last week it was announced that the company, which went into administration in January, had been sold to New York-based KPS Capital Partners.

Administrators Deloitte said a meeting had been set for 23 March.

The creditors include workers who missed out on a full redundancy package and pottery industry suppliers.

The meeting will take place at Stoke-on-Trent's Britannia Stadium.

The Waterford Wedgwood group had debts of around 400m when it went into administration.

On Monday, two members of the Wedgwood family who had put in a bid to buy the pottery firm said they were "very disappointed" it went to a rival bidder.

Cousins Tom D Wedgwood and Tom R Wedgwood, eighth generation descendants of founder Josiah Wedgwood, urged the new owners to keep jobs in Stoke-on-Trent.

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