A Background of the Waterford Crystal, an Irish Crystal Company

A Record of the Waterford Crystal, an Irish Crystal Company

Waterford Crystal a case research Waterford Crystal Record OF WATERFORD CRYSTAL Waterford Glass was started out by two brothers, George and William Penrose, in 1783. It had been the most notable of most Irish crystal companies. In 1799, the Penrose brothers distributed Waterford Glass to the Gatchell relatives. The crystal sector was prosperous until 1825. Irish glass suppliers commenced to slowly close because of high export duties, the monetary depression, and too little capital. Waterford Cup was the previous to close in 1851. It had been reestablished nearly a century afterwards by Charles Bacik and Bernard Fitzpatrick. In 1947, they setup a factory in Waterford, Ireland. A turning point in the business's history came in 1950 when Joe McGrath made a big investment in Waterford Cup. He invested the administrative centre needed to convert the tiny crystal manufacturing provider into one with the potential to become major person in the crystal sector. This expenditure gave his family members control for another thirty-five years. Joe McGrath was focused on Ireland and providing careers for his country. He wished to decrease the country's high unemployment level. His concentrate for Waterford Cup was on growing the business through exports to america. In 1966, Joe McGrath's son, Paddy McGrath, had taken over supervision of Waterford Cup. Like his father, he was focused on Ireland also to providing employment possibilities for the Irish. McGrath's quest to supply more jobs for the Irish led him to diversify the business. By 1983, the business had acquired a lot more than thirty non-core businesses. To reflect the expansion, management changed the business's name to Waterford Glass Group. In 1985, Paddy McGrath resigned as chairman of Waterford Cup. Concurrent with Paddy McGrath's

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