Worcester, Britain’s third-largest fine china manufacturer, has denied
reports it is seeking a rescue buyer for its business which has been struggling
against cheap competition and the trend away from formal dining.
It has issued a statement, saying that in April of this year it instructed
its advisers KPMG to review
the appropriate future funding and ownership options for the business given the
impending completion of a restructuring programme, according to
‘These options include the continued ownership by Alan Finden-Crofts or may
involve him taking a minority position or selling his shares. The decision will
be taken on the basis of what is right for the business,’ the statement said.
Finden-Crofts, an accountant, bought Royal Worcester in the late 1980s. The
company ceased manufacturing in Worcester in 2006, when he moved production
offshore to reduce costs.
Political and economic uncertainty behind the fall in confidence
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal