The list of household names hit by the credit crunch grows apace, with Waterford Wedgwood, Adams Childrenswear and Zavvi all in trouble.
Anglo-Irish firm Waterford Wedgwood, famous for its Waterford Crystal, Wedgwood pottery and Royal Doulton delph, has gone into receivership in the Republic of Ireland while its UK arm has called in the
administrators.
Meanwhile, the BBC says Adams has announced that it has closed down 111 of its stores throughout the UK, five days after calling in the
administrators. This includes five shops in
Northern Ireland.
These developments come on the back of music retailer Zavvi going into administration before Christmas and highstreet staple Woolworths closing its doors in Northern Ireland and across the UK.
Some observers have predicted that other big names could soon face similar trouble.
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