Administrators of Patisserie Holdings have named the 71 outlets that will close following the firm’s collapse. KPMG said that 902 jobs will go due to the closure of 27 Patisserie Valerie stores , 19 Druckers and 25 Patisserie Valerie concessions. However, KPMG said it is “business as usual” at the remaining 122 outlets.
We offer safe, next day home delivery from Tuesday to Saturday when orders are placed by 12pm.
Just over 900 Patisserie Valerie workers lost their jobs when 70 of the cafe group’s near-200 stores and concessions closed as a result of the administration. Its stock exchange-listed parent company, Patisserie Holdings, was broken up, with the cafe chain sold to Irish private equity firm Causeway Capital Partners.
Cafe chain Patisserie Valerie has collapsed into administration after the failure of rescue talks with banks. In October, Patisserie Valerie uncovered “significant, and potentially fraudulent, accounting irregularities”. The company said in a statement that it did not have enough money to meet its debts.
Patisserie Valerie has been saved from collapse after entrepreneur Luke Johnson , who owns 37% of the company, provided £20m in loans to the struggling chain. Mr Johnson agreed to lend £10m for three years to owners Patisserie Holdings plc, which the company said would provide “immediate liquidity”.
After your cake has been baked and decorated, we will freeze it and pack it with dry ice to help ensure it is delivered safely to you.
Settle into the quaint surroundings of Patisserie Valerie for an afternoon tea treat like no other. Finger fancies, hand-perfected cakes, clotted cream and jam smothered over fresh scones make up the gorgeous spread at Patisserie Valerie . With perfectly brewed tea too, of course.
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The former auditor of the collapsed cake chain Patisserie Valerie has argued that it is not the role of accountants to uncover fraud. Grant Thornton is under investigation for its audits of the chain that collapsed into administration earlier this month following the discovery of a £40m black hole in its accounts.
22 January 2019
Patisserie Valerie have created their very own ‘Gloriously Gluten Free ‘ range & before you start making assumptions… The Patisserie Valerie indulgent gluten free range includes: Gluten Free Belgian Chocolate Brownie. Gluten Free Marble Cake.