News | The Caterer

Patisserie Valerie

Patisserie Holdings’ Baker & Spice sold for £2.5m

Patisserie Holdings has completed the sale of its Baker & Spice subsidiary to the Department of Coffee & Social Affairs for £2.5m. Read more

Patisserie Valerie sold to Irish private equity firm

The sale of troubled bakery chain Patisserie Valerie to Irish-based Causeway Capital Partners has reportedly been agreed. Read more

Sports Direct pulls out of Patisserie Valerie talks

Sports Direct has withdrawn its bid to purchase the parent company of Patisserie Valerie out of administration two days after expressing an interest in the troubled chain. Read more

Mike Ashley’s Sports Direct makes bid for Patisserie Valerie

Sports Direct has confirmed it has made a bid to purchase the parent company of Patisserie Valerie out of administration. Read more

Administrators receive number of offers for Patisserie Valerie

Collapsed bakery chain Patisserie Valerie has attracted offers for the business, according to its administrators. Read more

Redundant Patisserie Valerie staff ‘not being paid for final month’s work’

Staff who worked in the 70 closed Patisserie Valerie stores have not been paid for their final month’s work, despite chairman Luke Johnson injecting £3m into the company payroll. Read more

Patisserie Holdings confirms closure of 71 stores with loss of 920 jobs

Patisserie Holding’s administrator has confirmed the closure of 71 stores with 920 people made redundant. Read more

Patisserie Valerie falls into administration

Patisserie Valerie has fallen into administration after rescue talks with banks failed Read more

Patisserie Valerie locked in talks with bankers as speculation mounts

Patisserie Valerie remains locked in talks with bankers as speculation rises about the future of the troubled bakery. Read more

Lee Ginsberg resigns from board of Patisserie Valerie

Lee Ginsberg’s resignation from the board of Patisserie Valerie has been announced a day after the troubled bakery group revealed that investigations had uncovered “extensive” fraud. Read more

Misstatement of Patisserie Valerie’s accounts ‘extensive’ involving ‘significant manipulation’

The misstatement of Patisserie Valerie’s accounts was “extensive” and involved “very significant manipulation of the balance sheet and profit and loss account”, the company has revealed. Read more

James Horler steps down from board of Patisserie Valerie

James Horler has resigned from the board of Patisserie Valerie’s parent company with immediate effect. Read more

Patisserie Valerie confirms intention to replace auditor

Patisserie Valerie has confirmed its intention to replace auditors Grant Thornton as an investigation into suspected fraudulent activity and accounting irregularities at the bakery continues. Read more

Rhys Iley appointed as Patisserie Valerie group commercial director amid executive overhaul

Former Starbucks senior executive Rhys Iley has been appointed as group commercial director for Patisserie Valerie as the brand looks to reinvigorate its coffee offering after a tumultuous end to the year. Read more

Patisserie Valerie appoints interim CFO

Patisserie Holdings has appointed Nick Perrin as interim chief financial officer during the ongoing investigation into its finances and former CFO Chris Marsh. Read more

Investigation launched into Patisserie Valerie auditor

An investigation has been launched into accountancy firm Grant Thornton’s audit of Patisserie Valerie’s financial statements. Read more

Paul May resigns as CEO of Patisserie Valerie as turnaround specialist is drafted in

Paul May has resigned as chief executive of troubled bakery group Patisserie Valerie, with turnaround specialist Stephen Francis drafted in to take up the position. Read more

Shareholders approve Patisserie Valerie rescue plan

Patisserie Valerie’s shareholders have approved a rescue plan for the troubled bakery chain with 99% voting in favour at a general meeting. Read more

Patisserie Valerie to hold general meeting this morning to approve rescue deal

Patisserie Valerie will hold a general meeting this morning to seek the approval of a rescue package put forward by director Luke Johnson. Read more

Former CEO of Druckers has ‘no intention’ to acquire Patisserie Valerie

David Scott, former chief executive of Druckers, has announced he has no intention to make an offer for or acquire shares in Patisserie Valerie. Read more