ITV Central News recently took a tour of the Wow! Stuff headquarter in Wolverhampton, to hear about the recent investment they received from the Business Growth Fund and find out what affect it’s likely to have on the company. In the special report Wow! Stuff CEO Richard North revealed that the company is planning to double its workforce after gaining the £4.8 million investment in March.
The money will also be used to triple in-house product development over the next 36 months. Richard North says “BGF’s investment is great news for us. Their financing and the additional expertise they bring to us as a partner investor will help us to turbo charge our ambitions and maintain our position as one of the fastest growing privately owned British toy companies. We would love to think of ourselves as the Dyson of the toy world.”
You can see the full report at the link below: