Patisserie Valerie owner Causeway Capital has confirmed the closure of a further 14 cafes.
The Irish private equity group, which acquired the brand and 96 branches from administrators at KPMG in February, said it had taken the “difficult decision” to put up the shutters after a detailed review of the estate.
KPMG had already closed 71 loss-making sites under the Patisserie Valerie and Druckers brands, with 920 redundancies.
Patisserie Holdings, previously backed by Luke Johnson, collapsed in January after the of “significant and potentially fraudulent accounting irregularities” that left a £94 million gap in its finances.
Six people have been arrested and questioned by police in relation to the company.
Causeway Capital said: “Patisserie Valerie has today confirmed it has closed 14 of its smaller patisseries. The difficult decision was reached following a detailed review of the size, trading performance and location of each store over the past five months.”
It said that the remaining 75 branches represented the larger, best-performing outlets.
