Waterford's German unit files for insolvency
Fri Jan 9, 2009 12:09pm EST

LONDON, Jan 9 (Reuters) - German porcelain maker Rosenthal, a subsidiary of Irish china maker Waterford Wedgwood (WTF_u.I), said on Friday it had filed for the opening of insolvency proceedings.

Waterford Wedgwood called in receivers on Monday and placed two of Britain's most venerable china makers, Josiah Wedgwood & Sons Ltd and Royal Doulton Ltd, into administration, a form of creditor protection.

Rosenthal was initially exempt from those proceedings.

"Despite intensive efforts of the Board of Directors of Rosenthal AG and the involved parties, a sale of Rosenthal AG as a whole outside an insolvency proceeding could not be completed," Rosenthal said in a statement.