All Patisserie Valerie articles – Page 5
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NewsPatisserie Holdings reveals winding up petition over £1.1m tax bill
The board of Patisserie Holdings has revealed a winding up petition relating to a £1.1m unpaid tax bill.
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NewsPatisserie Valerie owner faces crisis 'over £20m accounting hole'
Patisserie Holdings, the owner of Patisserie Valerie, has suspended its shares from trading on AIM after uncovering “significant, and potentially fraudulent, accounting irregularities”.
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NewsTodd promoted to MD of K10
Reuben Todd has been promoted to managing director of London-based sushi concept K10, as the brand eyes further growth in the capital in 2019.
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NewsBaker & Spice heading for Marylebone
Baker & Spice, the Patisserie Valerie-owned brand, is set to strengthen its presence in central London, with an opening in Marylebone.
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OpinionInside track: I’ll get my Cote
A buried paragraph at the end of a story on GBK facing a CVA, suggested that Cote was exploring a possible merger and had held early talks about a tie-up with a listed company. Mark Wingett looks at what listed company would be a good fit for the French restaurant chain. He also explores what went wrong at GBK and why Gaucho’s new owners have swapped Meakin for Martin (Williams)
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Analysis & InsightValue of coffee shop market expected to hit £4.1bn this year
The value of the coffee shop market is expected to grow by 6.5% this year, to reach a value of £4.bn, according to MCA’s Eating Out Market Report 2018.
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NewsCote signs up for Basingstoke
Côte, the BC Partners-backed group, is opening at Basingstoke’s Festival Place shopping centre.
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NewsPatisserie Valerie rolls out further Sainsbury's concessions
Patisserie Valerie, the Luke Johnson-chaired concept, is rolling out concession counters to an additional 31 Sainsbury’s stores after a successful trial, bringing the total to 70.
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NewsJohnson: CVAs yet to impact wider market
Patisserie Holdings chairman Luke Johnson believes the recent flurry of CVAs and unit vacancies have yet to impact the wider market, but predicted “the odd bargain” over the next 12-24 months.
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NewsSmyth backs new grab & go concept
Harvey Smyth, the current chairman of the Azzurri Group, is backing a new grab & go concept called Alfs Super Naturals
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NewsPatisserie Holdings H1 revenue up 9.1%
Patisserie Holdings saw revenue grow 9.1% to £60.5m in the six months to 31 March
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News
Debenhams to ramp up food offer
Debenhams has reported a 10% sales lift in the food and drink offer across its estate in the 26 weeks to 3 March.
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NewsBaker & Spice to launch at Battersea Power Station
Baker & Spice, the Patisserie Valerie-owned brand, has been announced as the latest operator to join the Battersea Power Station line-up.
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Analysis & Insight
Niche players have cutting edge
Operators facing ever-more demanding investors and mounting challenges have tended to focus on premiumisation and the strength of their brand, estate and people. However, CBRE’s Simon M Johnson warns this may no longer be enough. He suggests bolt-on acquisitions are likely to become more crucial to success with the result that fledgling brands with an edge will become more valuable.
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Analysis & Insight
Surfing the waves of M&A
After a quiet year on the M&A front, what can we expect from the eating and drinking-out market in 2018? Sam Fuller looks at the outlook for the various exit/funding routes and examines whether conditions may be ripe for more mergers and acquisitions over the next 12 months
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NewsZizzi partners with Sainsbury’s to offer pizza-to-go
Azzurri Group chief executive Steve Holmes has told MCA he would be keen to expand the partnership between Zizzi and Sainsbury’s if the pilot proves a success.
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News
Patisserie Holdings waiting for group acquisition opportunities
Patisserie Holdings chairman Luke Johnson has told MCA that the c200-strong group is open to the possibility of a group acquisition, but is waiting for the right opportunity
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NewsPatisserie Holdings FY EBITDA up 15.7%
Patisserie Holdings has reported EBITDA for the year to 30 September up 15.7% to £25.6m.
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News
Todd joins K10 as ops director
Reuben Todd has left Patisserie Valerie after less than a year to join K10, the London-based sushi concept, as its new operations director
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NewsPat Val strengthens Debenhams partnership
Patisserie Valerie has grown its partnership with Debenhams to 19 sites and grown its total portfolio beyond the 150 mark.