Patisserie Holdings has reached agreement with its principal lenders to extend the period for agreeing a new debt facility until 18 January.
The Patisserie Valerie operator had originally been given 45 days from 12 October to secure a facility to cover its outstanding debt.
Yesterday’s update made no further mention of a date for resumption of trading in its shares on AIM. Trading in the shares has been suspended since 10 October when a £40m blackhole in its accounts was discovered.
Last week the group announced Paul May had stepped down as chief executive, to be replaced by Stephen Francis, former chief executive of meat producer, Tulip Ltd.
