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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Dec- 2018 -5 DecemberBusiness
Patisserie Valerie appoints interim CFO
Patisserie Valerie has announced that the company has retained Nick Perrin as its interim chief financial officer (CFO). Perrin is an experienced finance director, most recently of AIM-quoted CVS plc, and integrated veterinary services provider in the UK, which saw revenues grow from £110m to £350m during his tenure. He…
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Nov- 2018 -21 NovemberCafes and Coffee Shops
Investigation launched into Patisserie Valerie auditor
The Financial Reporting Council (FRC) has announced it has launched an investigation into the auditor of crisis-hit cafe chain Patisserie Valerie. The FRC said it would be looking into the audit by accounting firm Grant Thornton UK regarding the financial statements of Patisserie Holdings for the years ended 30 September…
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16 NovemberCafes and Coffee Shops
Patisserie Valerie CEO Paul May quits
Patisserie Valerie CEO Paul May has resigned from his role a month after a fraud inquiry began at the cake chain. May has been replaced by Steve Francis, who the company says has “proven track record of rapid operational performance improvements”. The company’s statement announcing May’s departure offered no thanks…
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Oct- 2018 -29 OctoberBusiness
Patisserie Valerie CFO resigns amid fraud investigation
The chief financial officer of crisis-hit cafe chain Patisserie Valerie has announced his resignation with immediate effect. On 9 October, Chris Marsh was suspended by the company after its directors discovered “accounting irregularities” and investigated potentially fraudulent activity. The company found that it had an unpaid tax bill of £1.14m…
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24 OctoberCafes and Coffee Shops
Winding up petition against Patisserie Valerie dismissed
The winding up petition against Stonebeach Limited, parent company of crisis-hit cafe chain Patisserie Valerie, has been dismissed. Patisserie Holdings released a statement on 24 October which said it was “pleased” that the petition against it been dismissed by the High Court of Justice, Business and Property Courts. HMRC served…
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23 OctoberAnalysis
Forget Luke Johnson: the biggest loser in the Patisserie Valerie fallout is the brand itself
Since the revelation last week that Patisserie Valerie had uncovered a multimillion pound blackhole in its accounts, British entrepreneur Luke Johnson has been made to eat his extensive and well-documented words on the financial arrears of others. It can’t have been an enjoyable experience, but it all makes for a great story. There are very…
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15 OctoberCafes and Coffee Shops
Patisserie Valerie boss resigns from Restaurant Group board
Patisserie Valerie chief executive Paul May has announced he has resigned from his position on the Restaurant Group board “with immediate effect”. May has stepped down from the group which also owns brands such as Garfunkel’s and Frankie and Benny’s, as the bakery chain is hit with claims of fraud.…
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12 OctoberBusiness
Patisserie Valerie saved from collapse with £20m rescue plan
Crisis-hit cafe chain Patisserie Valerie has been saved from collapse after entrepreneur Luke Johnson offered the company a rescue plan with two loans of up to £20m. Johnson, who owns a 37% stake in the company, has committed to a bridging loan of up to £10m to help the company…
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12 OctoberCafes and Coffee Shops
Patisserie Valerie chief finance director arrested
The chief finance director of embattled bakery chain Patisserie Valerie was arrested and has been released on bail, the company has confirmed. On Wednesday (10 October) the company announced it had suspended CFO Chris Marsh from his role as it investigated “potentially fraudulent” accounting irregularities. It later discovered that it…
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11 OctoberBusiness
Patisserie Valerie warns of possible collapse
High street bakery Patisserie Valerie has warned that it could be forced to close unless it receives an “immediate injection of capital”. This news comes just a day after it temporarily suspended trading and suspended its CFO Chris Marsh from his role while it investigated “potentially fraudulent” accounts. The company…
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