Following a report by Sky News yesterday (17 June 2024), that Wonder Group is preparing for insolvency, the company has commented to clarify its current position.
A spokesperson for The Wonder Group said: “In response to the ongoing challenging global trading environment, we have recently commenced a strategic review across Wonder Group via which we are seeking to reshape our cost base.
“As part of this, we have been working closely with advisors and our wider stakeholders to explore a number of options to bring new investment into the business which would enable it to move forward on a more sustainable financial footing.
“We are presently in constructive discussions with potential investors and as such, we have today taken legal steps to protect the position of our business while these discussions remain ongoing.”
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