Tag Archives: Patisserie Holdings

HMRC files winding-up order against Patisserie Valerie owner

The owner of Patisserie Valerie faced further woe this morning after it emerged HMRC has filed a winding-up petition against one of its subsidiaries. The petition relates to a sum of around £1.14m that HMRC claims it is owed, with a hearing scheduled for 31 October 2018. Patisserie Holdings said the winding up order was

Patisserie Valerie shares suspended over fraud allegations

Patisserie Holdings, the owner of the Patisserie Valerie chain, has suspended its shares following the discovery of “significant and potentially fraudulent” irregularities in its accounts.  The company’s board was notified of the finding yesterday and said this morning that it has significantly impacted the company’s cash position and may lead to a material change in

Patisserie Valerie moots Manchester production hub to serve 70 stores

Patisserie Holdings is considering opening a new production facility in the North West that will serve more than 70 of its stores. The owner of the 200-strong Patisserie Valerie chain has serviced the group over the last few years from its main bakery in Birmingham and from seven satellite bakeries across the UK. Although it

Patisserie Holdings closes in on sites to meet 20-store target

The café and casual dining group behind Patisserie Valerie remains on target to reach 20 new store openings this year after identifying the potential locations that will form the basis of its latest roll-out. Patisserie Holdings has opened 10 new stores since October 2014 and plans a further 10 between now and September, when its

Investor appetite for bars and restaurants shows no sign of waning

If there were any doubts that private equity firms were reluctant to invest in the restaurant sector then 2014 banished those in spectacular fashion. BDO’s winter Bar & Restaurant Report provides a fascinating account of the major M&A activity that has altered landscape. Here, in its words, is a rundown of the moves that are