Carte Blanche acquires Wishing Well
Carte Blanche has announced the acquisition of 100% of the shares in
Wishing Well Studios (Holdings) Limited and Wishing Well Studios Limited
(Wishing Well) for an undisclosed sum.
Wishing Well, founded in 1996 and headquartered in Wigan, has a
reputation as one of the leading suppliers of greetings cards to the
independent channel. A multiple-time award winner for service to
retailers, Wishing Well has stuck rigidly to a philosophy built around
service, innovation, quality and design.
Carte Blanche CEO, Roger Murphy, says that Wishing Well offers the
perfect fit alongside Carte Blanche’s renowned industry brands including
Me to You, My Blue Nose Friends and Violent and Vivacious Veg. "We are
delighted to have completed this deal with the Wishing Well Team. They
have built a fabulous business and we are privileged to now own the
Wishing Well brand alongside our existing Carte Blanche portfolio. This
clearly demonstrates our commitment to continuing to be the first choice
provider of leading brands to our customer," he said.
Wishing
Well's management team, led by joint managing directors Brian Phillips
and Rod Brown has stepped down from the business. "Everyone at Wishing
Well has always been focused 150% on delivering great product and
service to our customers. I had not contemplated selling until the
approach by Carte Blanche however having spent time with the CBG team I
feel confident that they will provide the necessary platform to take
Wishing Well to the next level," said Brian Phillips.
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