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News reports Wonder Group preparing for insolvency

The Wonder Group – headquartered in Milton Keynes (UK) with offices in Europe and Asia – owns a stable of manufacturing, distribution and retail brands including Amscan, Christys’, Delights, Ginger Ray, as well as international companies including Party King in the Nordics.

images-2Well known for its licensed portfolio, which includes Disney, Marvel, Hasbro and many more, the company is a key name in the party, celebration and dress-up categories globally with a turnover of £300m+.

Sky News has reported from the UK that: ‘Wonder Group, which was previously known as Amscan before a brand restructure, was on Monday preparing to file a notice of intention to appoint Interpath Advisory to handle an insolvency process.

The story continues: ‘Sources said the company had been affected by falling demand in international markets for party and costume products. Wonder, which employs about 200 people in the UK, could now be broken up through the sale of a number of its assets in the coming weeks, they added.’

PartyWorldwide.net has approached Wonder Group for comment.

*Wonder and its associated companies include separate entities legally and internationally.

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