WWRD Holdings Ltd, owner of high-end crystal and china brands including Waterford, Wedgwood and Royal Doulton, is in the early stages of exploring a sale of the company, people familiar with the matter said on Monday. New York-based takeover firm KPS Capital Partners LP, which owns WWRD Holdings, is interviewing investment banks about a potential sale, expected early next year, the people said.The people declined to be named because the matter is private. KPS Capital declined to comment, while Waterford Wedgwood, as WWRD is known, could not be immediately reached for comment.WWRD's products, which include items like crystal vases, bowls and glasses, are sold at department stores including Macy's Inc and Bloomingdale's, as well as independent retailers and wholesalers in the United States, UK, Japan, Canada, Australia and Ireland.New York-based WWRD employs more than 3,700 people around the world, according to its website.
Macy?s, Inc. (Macy?s) is a retail organization operating stores and Internet Websites under two brands (Macy's and Bloomingdale's) that sell a range of merchandise, including apparel and accessories (men's, women's and children's), cosmetics, home furnishings and other consumer goods in 45 states, the District of Columbia, Guam and Puerto Rico. Shares of M traded higher by 0.05% or $0.03/share to $58.10. In the past year, the shares have traded as low as $42.18 and as high as $61.26. On average, 4016470 shares of M exchange hands on a given day and today's volume is recorded at 2654763.
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