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"Patisserie Valerie" News 
Patisserie Valerie chief quits board of rival The Restaurant Group    Auditors face probe over Patisserie Valerie crisis following discovery of £28.8m black hole   Patisserie Valerie boss vows to save cafe chain from collapse   Patisserie Valerie discovers 'secret' overdrafts  
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Patisserie Valerie calls emergency shareholder meeting

Shares in café chain remain suspended until it can give more details of accounting issues
Credit: FT.com - Published

Stocks to watch: Volvo, Johnson Matthey, Tesco, Ocado

Patisserie Valerie is a warning for retail property developers, says Stifel
Credit: FT.com - Published

Too smooth: the red flag at Patisserie Valerie which was missed

With the benefit of hindsight, sales per store were too steady.
Credit: FT.com - Published

Patisserie Valerie chief quits board of rival The Restaurant Group 

patisserie valerie chief quits board of rival the restaurant group 
Paul May’s decision to step down as a non-executive director at the group, which owns Frankie & Benny’s, came after a black hole of nearly £40m was discovered at his main business.
Credit: MailOnline - Published Also reported by •Telegraph.co.uk

Boss quits board

The boss of Patisserie Valerie has resigned from the board of Restaurant Group in order to focus on his role at the cafe chain which just days earlier unearthed a major hole in its accounts.
Credit: Express and Star - Published

Patisserie Valerie discovers £10m of secret overdrafts

Around £9.7m had been run up in total on the two facilities without the knowledge of board members
Credit: Independent - Published

How to avoid being ruined by nasty stockmarket surprises

Investors in cake shop Patisserie Valerie got quite the shock last week. John Stepek explains how to avoid that sort of thing happening to you. The post How to avoid being ruined by nasty..
Credit: MoneyWeek - Published

You can have your cake and eat it as future of two Brighton and Hove patisseries assures

The future of two cake shops in Brighton and Hove looks assured after entrepreneur Luke Johnson arranged an emergency bail-out of Patisserie Valerie. Mr Johnson, who owns the Palace Pier, is the..
Credit: Brighton and Hove News - Published

Auditors face probe over Patisserie Valerie crisis following discovery of £28.8m black hole

auditors face probe over patisserie valerie crisis following discovery of £28.8m black hole
Work by Grant Thornton has been called into question after bosses at Patisserie discovered the black hole in the accounts, an unpaid tax bill and two ‘secret’ overdrafts totalling nearly £10m.
Credit: MailOnline - Published

Patisserie Valerie had nearly £10m in unreported loans

The company had used up two separate bank credit lines without the board’s knowledge
Credit: FT.com - Published

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