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Tag: Patisserie Valerie

Cake chain acquired

Irish group Causeway Capital buys Patisserie Valerie

Patisserie Valerie Edinburgh
Accounting irregularities were discovered at Patisserie Valerie (pic: Terry Murden) Causeway Capital, an Irish private equity firm, is buying 96 Patisserie Valerie branches in a cut-price deal that will saveRead More

Retailer pulls bid

Ashley withdraws offer for cake chain Patisserie Valerie

Patisserie Valerie Edinburgh
Patisserie Valerie plunged into administration after irregularities were found in the accounts (pic: Terry Murden)   Mike Ashley’s Sports Direct has withdrawn its interest in struggling Patisserie Holdings just twoRead More

Grilling over audit 'failures'

‘We’re not looking for fraud’ Grant Thornton boss tells MPs

Patisserie Valerie Edinburgh
Patisserie Valerie in Edinburgh: the chain found a black hole in its accounts (pic: Terry Murden)   Grant Thornton’s chief executive admitted to MPs yesterday that auditors do not lookRead More

Administrators appointed

70 Patisserie Valerie stores close as chain collapses

Patisserie Valerie
Patisserie Valerie is known for its decorative cakes   Cafe chain owner Patisserie Holdings has appointed audit firm KPMG as administrators after failing to secure new bank facilities in the wakeRead More