Glasgow, UK. 25 January 2019. "Have one's cake and eat it", maybe thats what the chair of the company thought when he decided to siphen almost £40M out of the company causing it to go into administration.

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Glasgow, UK. 25 January 2019. Patisserie Valerie is a chain of cafés that operates in the United Kingdom. The chain specialises in hand-made cakes, and its menu included continental breakfasts, lunches and teas and coffees. The company went into administration on 22 January 2019 since a 40 million pound black hole was found in its accounts where the Chair of the company had cashed out the money. Investigations are on going and a number of stores have been closed down with a few being kept open.

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Keywords: PATISSERIE VALERIE, ADMINISTRATION, ACCOUNTING BLACK HOLE, SIPHEN, ACCOUNTING ERROR, BUST, JOB LOSSES, STORE CLOSURES, BAKERS, FRENCH, RESTAURANT, CAFE, COFFEE, SERVICE, EATERY, FRENCH STYLE, RESTAURANT CHAIN, COMMERCE, INDUSTRY, RETAILER, HAND MADE, HAND-MADE, CONTINENTAL BREAKFAST, LUNCHES
Contained in galleries: Patisserie Valerie in Administration Glasgow 25 January 2019

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