Former café chain boss thought of emigrating over financial crisis

Luke Johnson
Luke Johnson, the former chairman of Birmingham-based bakery chain Patisserie Valerie, said he considered emigrating when the company was plunged into a catastrophic financial crisis in October. Patisserie Valerie was a respected stock market-listed business worth £450m at the time, before it revealed serious accounting irregularities. The majority of Patisserie Valerie has since been sold to a private equity firm, and administrators KPMG’s latest report says the company falsely claimed to have £54m in cash. Johnson made the... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...