Friday , April 23 2021

Patisserie Valerie falls into an administration to put Kent stores at risk

The future of endangered cafe chain Patisserie Valerie has been questioned in the & # 39; t the administration has disappeared.

The company, which has four branches in Kent, will close 70 shops and concessions.

Describing details expected which cafes will be expected to reveal in the next 24 hours.

Patisserie Valerie feels an uncertain future
Patisserie Valerie feels an uncertain future

This comes after rescue talks between Patisserie Valerie and her lenders HSBC and Barclays fall.

The company employs over 3,000 people of agriculture and branches in Maidstone, Canterbury, Ashford and Tunbridge Wells.

KPMG's municipal councilor Blair Nimmo said: "Our intention is to act on the profitable stores, such as collectively, the brands have a strong presence on a high street and have conscious populations with consumers.

"At the same time, we are looking for a buyer for the company and hope of a good level is important.

"We must, however, make the hard decision to close 70 stores, so there are significant reductions. We will work with the affected employees, providing all the support and helping them get them."

Patisserie Valerie will shop from 121 stores and administrators will assess the ability to sell.

In October, the company announced that it would receive financial management, with just € 1.1 million being set for advertising.

The board also announced that it was informed in an earlier recording by HM Revenue and Customs in its main deal, Stonebeach Limited in September.

For that, it said it was "explained by meanings and potential offenses, wrong irregularities" in & # 39; e businesses.

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