Home Business News Patisserie Valerie has new offers from potential buyers

Patisserie Valerie has new offers from potential buyers

by Sarah Dunsby
4th Feb 19 2:28 pm

Patisserie Valerie has attracted a number of potential buyers, some proposals include offers for parts of the cake chain or the whole company.

The troubled cake chain went into administration last month, after a £40m black hole was found in the accounts, KPMG were appointed administrators.

David Costley-Wood, partner at KPMG and joint administrator, said: “We are encouraged by the scope of offers received from trade and finance buyers for all and for parts of the business. We will now be taking a number of these offers forward and hope to be able to make progress in short order.

“We’d like to thank employees, suppliers, creditors and also Patisserie Valerie’s loyal customers for their invaluable support in helping us to continue to trade the business over the last two weeks.”

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