Ten Patisserie Valerie cafes to close in the North West

Ten stores in the North West have been closed by the crisis hit Patisserie Valerie.

As reported on TheBusinessDesk,com the troubled chain called in the administrators in the wake of a significant fraud that threatens the future of the firm.

A total of 70 shops were closed yesterday and 900 people have lost their jobs.

Branches are closing in Manchester city centre, Bury, Chester, Liverpool, Southport and Wigan. The closures include concession stands in the Debenhams department stores.

The Birmingham-headquartered cafe chain has been fighting for its survival since October, when it first revealed accounting irregularities that cast serious doubt over its viability.

Last week the company said it had found “thousands of false entries” on the company’s ledgers, which was part of a “very significant manipulation of the balance sheet and profit and loss accounts”.

It has been unable to agree a deal with its lenders, Barclays and HSBC, to extend a standstill of its facilities which had been put in place in the immediate aftermath of the revelations and that expired last Friday.

KPMG has been appointed as administrators of the Patisserie Holdings and its subsidiaries. The group operates stores under several brands, including the historic Birmingham name Druckers Vienna Patisserie.

The following Patisserie Valerie cafes are to close:

 Bradford – The Broadway
 Brighton – 36 East Street
 Bristol – 57 Queens Road
 Bury – 26-28 The Haymarket
 Chester – 31 Bridge Street
 Chippenham – Unit 1b Borough Parade
 Cwmbran – 8 The Mall
 Derby – 2 Crown Walk
 Doncaster – Unit 100, 20 St Sepulchre Gate, Frenchgate Shopping Centre
 Glasgow – B12 Glasgow Fort
 Glasgow- 18-20 Royal Exchange Square
 Gloucester – 4 Southgate Street
 Leeds – Unit 2 Ground Floor, 8 St Pauls Street
 Liverpool – Unit 1, 35 Whitechapel
 London – 37 Brushfield Steet
 London – 94 Holland Park Avenue
 London- 44 Old Compton Street, Soho
 London – 24-26 Turnham Green Terrace
 London – 27 Kensington Church Street
 London – 15 Bedford Street
 London – 80 Long Acre, Covent Garden
 London – 215 Brompton Road
 Manchester – 2-4 St Ann Street
 Newcastle – 141 Grainger Street
 Peterborough – 2 Cathedral Square
 Salisbury – 24 Butchers Row
 Southport – 365 Lord Street

The following concessions will close:

 BasildonDebenhams
 BeverleyDebenhams
 Chelmsford Debenhams
 Edinburgh Debenhams
 GlasgowDebenhams
 Hereford Debenhams
 Liverpool Debenhams
 London Debenhams, Wandsworth
 London Debenhams, Westfield
 London Debenhams, Oxford Street
 Middlesbrough Debenhams
 Newport Debenhams
 Oxford Debenhams
 Redditch Debenhams
 Stevenage Debenhams
 Telford Debenhams
 Wigan Debenhams
 Cheltenham Next
 Hounslow Next
 Manchester Next
 Manchester Next

The following Druckers branches will close:

 BanburyDruckers
 Birmingham Druckers, Upper Mall West
 Birmingham Druckers, 100 Great Western Arcade
 Burton Druckers
 Cheltenham Druckers
 Coventry Druckers
 Dudley Druckers
 Hanley Druckers
 Leamington Spa Druckers
 Leeds White RoseDruckers
 LeicesterDruckers
 Manchester Druckers
 Nottingham Druckers
 Poole Druckers
 Redditch Druckers
 Solihull Druckers
 Stratford Upon Avon Druckers
 Tamworth Druckers
 Wolverhampton Druckers