Patisserie Valerie
Coverage of strategic shifts, operational recovery, and product development at a heritage café and bakery brand serving the UK’s high streets. This section explores leadership moves, site reopenings, menu innovation, and F&B positioning, providing insight for operators, retail hospitality professionals, and foodservice leaders tracking brand reinvention, consumer expectations, and performance in the premium bakery and café segment.
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Sep- 2023 -14 SeptemberPeople
Former Patisserie Valerie CFO among four charged with fraud
The Serious Fraud Office has brought fraud charges against four individuals, including CFO Christopher Marsh, who oversaw the financial failure of Patisserie Valerie, a chain of almost 200 high street bakeries. This comes after the SFO opened a full investigation into the conduct – codenamed ‘Operation Venom’ – in October…
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Mar- 2023 -22 MarchCafes and Coffee Shops
200 Degrees to open coffee shop and barista school in Chester
Independent coffee roaster 200 Degrees will be opening a coffee shop and barista school on Bridge Street, Chester, below the Grosvenor Shopping centre this May. The imminent opening in Chester, which will bring 15 new full-time and part-time jobs to the area, will be the chain’s 19th UK venue and…
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Sep- 2022 -1 SeptemberBusiness
Patisserie Valerie to close nine sites
Patisserie Valerie Group has announced it will close nine patisseries following a review to identify locations in the group’s patisserie estate which have not recovered as well as expected. Consequently, sites in Belfast Donegal Square, Belfast Castle Lane, Belfast Forestside, Victoria Station, Windsor, Dundee, Glasgow Central, Eastbourne and Exeter are…
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Jun- 2022 -27 JuneCafes and Coffee Shops
Patisserie Valerie settles £200m claim with Grant Thornton
The administrators of Patisserie Valerie have reportedly settled a £200m lawsuit with Grant Thornton after allegations of negligence arose in its audits of the café chain, which collapsed after a suspected fraud. According to the Financial Times, FRP Advisory, which is liquidating the failed group, sued Grant Thornton in 2020.…
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Feb- 2021 -15 FebruaryCafes and Coffee Shops
Court files show Grant Thornton’s alleged Patisserie Valerie audit errors
FRP Advisory, the liquidator to Patisserie Valerie, has filed legal documents describing Grant Thornton’s alleged errors in its auditing of the cafe chain. According to the Sunday Times, FRP claims that Grant Thornton’s “negligence” led Patisserie Valerie’s bosses to unknowingly allow the firm to run out of funds after undisclosed…
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Jan- 2021 -15 JanuaryCoronavirus
Over 800 chain restaurants closed indefinitely due to Covid
Over 800 chain restaurants, cafes and pubs have closed indefinitely due to Covid-19, according to research carried out by the Evening Standard. The pandemic has greatly affected the wider hospitality sector, with operators having to regularly close over long periods of time due to tougher lockdown restrictions and social distancing…
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8 JanuaryBusiness
Grant Thornton faces £200m lawsuit over Patisserie Valerie audits
Mid-tier accountancy firm Grant Thornton is reportedly set to face a £200m lawsuit from the liquidators of former bakery chain Patisserie Valerie. According to the Financial Times, the liquidators are moving forward with a legal challenge after claiming alleged negligence over Grant Thornton’s audits of the firm between 2014-2017. Patisserie…
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Apr- 2020 -20 AprilCoronavirus
Le Pain Quotidien facing administration, says reports
Le Pain Quotidien is reportedly on the verge of collapsing, placing 500 jobs at risk. According to Sky News, the bakery chain is “racing to find a buyer” for its UK operations, and could appoint administrators as early as this week. Reports say that the emergency sale process for the…
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Jun- 2019 -24 JuneRestaurants
Five people arrested over Patisserie Valerie ‘accountancy fraud’
The Serious Fraud Office has confirmed that five people have been arrested in connection with fraudulent activity at embattled cafe chain Patisserie Valerie. This is part of the SFO’s ongoing investigation into fraud in the company which saw its former chief financial officer Chris Marsh arrested. In total, six arrests…
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Mar- 2019 -25 MarchCafes and Coffee Shops
Cafe De Pierre to replace Patisserie Valerie sites in Debenhams
The Lux Management and Investment Group, the company behind the subsidiaries Caffe Concerto and The Grand Caffe – the Italian-inspired restaurant – and now Cafe De Pierre, has partnered with Debenhams for the relaunch of its French patisserie/brasserie concept. Cafe De Pierre has now taken over ex-Patisserie Valerie sites with…
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