What happened to Wallace and berrie and company?

Wallace and Berrie & Company, a long-standing British confectionery manufacturer, faced significant challenges in the late 20th century, leading to its decline. In 2001, the company went into administration, and its assets were subsequently sold off. The brand's legacy has since been overshadowed by larger competitors in the industry. Today, products once associated with Wallace and Berrie are often found under different ownership or brand names.