New owner of Patisserie Valerie shuts 14 sites

The private equity firm that rescued cafe chain Patisserie Valerie is closing 14 sites, including one in Sutton Coldfield, with the loss of around 100 jobs expected. Causeway Capital acquired the brand together with 96 branches from administrators at KPMG in February. When it bought the business from the Patisserie Holdings group, KPMG had already closed 71 loss-making sites under the Patisserie Valerie and Druckers brands, with 920 redundancies. A statement said:  “Patisserie Valerie has today confirmed it has closed 14 o... You can carry on reading TheBusinessDesk.com 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...
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