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All Patisserie Valerie articles – Page 4
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NewsPWC report lifts lid on Pat Val collapse
A report by PWC into the suspected fraud at the heart of the collapse of Patisserie Holdings has allegedly uncovered forged company minutes used to take out overdrafts of almost £10m and fictitious invoices for shop refurbishments.
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Opinion
The disruptive lender
OakNorth, lender to Inception, Brasserie Bar Co and Leon, on why it is backing the hospitality sector.
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NewsHMRC ‘warned Patisserie Holdings in 2016 about possible fraud’
HM Revenue & Customs raised concerns with Patisserie Holdings that some of its invoices and cheques had been forged more than two years before the group revealed its accounting blackhole, The Times has reported.
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NewsPatisserie Holdings confirms details of store closures
The joint administrators of Patisserie Holdings have confirmed the details of the 71 “loss making” stores that have closed following the business entering administration yesterday.
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Analysis & InsightPatisserie Holdings: Inevitable but still unbelievable
As Patisserie Holdings called in administrators, with 70 sites to close, James Wallin reflects on the sad conclusion to a sorry tale, and why the trashing of Luke Johnson’s reputation does no favours for the sector.
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NewsPatisserie Holdings continues negotiations with bankers
Patisserie Holdings has confirmed it is still in discussions with its bankers to expend the standstill of its bank facilities beyond 18 January.
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NewsLee Ginsberg steps down from Patisserie Holdings
Patisserie Holdings has announced that non-executive director and deputy chairman Lee Ginsberg has resigned with immediate effect.
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Analysis & InsightThe Dom Walsh Awards 2019
Our regular columnist hands out his annual awards to brands and operators who have made the past 12 months newsworthy – for better or for worse
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NewsPatisserie Holdings: Ledgers contained thousands of false entries
Patisserie Holdings is working with KPMG to examine “all options” open to the beleaguered chain after investigations into its accounts revealed the picture was worse than first anticipated.
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NewsPatisserie Valerie opens up on unpaid invoice backlog
Patisserie Holdings’ interim chief financial officer has admitted there were delays and other problems with supplier payments.
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NewsPatisserie Holdings confirms intention to appoint RSM
Patisserie Holdings has confirmed its intention to appoint RSM Tenon Group as its new auditors, following press speculation.
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NewsPatisserie Holdings ‘set to appoint RSM as auditors’
Patisserie Holdings is set to appoint RSM as auditors, according to reports.
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NewsFormer Starbucks exec Iley joins Patisserie Valerie
Patisserie Valerie has appointed former Starbucks EMEA retail and operations vice president, Rhys Iley, to the new role of group commercial director.
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NewsCommons committee demands answers from Pat Val
Patisserie Holdings has been asked to present details of its payment practices to Commons committee.
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NewsFormer EAT CEO joins Le Pain
Adrian Johnson, the former chief executive of EAT and ex-managing director of Patisserie Valerie, has joined Le Pain Quotidien.
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NewsGrant Thornton faces probe over Pat Val audit role
Patisserie Holdings’ auditor, Grant Thornton, is being investigated by the Financial Reporting Council (FRC).
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NewsPatisserie Holdings allowed more time to secure debt facility
Patisserie Holdings has reached agreement with its principal lenders to extend the period for agreeing a new debt facility until 18 January.
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NewsMay replaced as Patisserie Valerie CEO
Paul May has stepped down as chief executive of Patisserie Holdings, to be replaced by Stephen Francis, former chief executive of meat producer, Tulip Ltd.
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Analysis & Insight
Sector sagas keep us all guessing
Dominic Walsh reflects on an action-packed few weeks in the sector, which has seen big deals, high-profile resignations and further twists in the Patisserie Valerie saga.
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NewsShareholders back Patisserie Valerie rescue plan
Shareholders in the parent company of Patisserie Valerie yesterday backed the board’s plan for a £15.7m placing.