Investigations reveal accounting black hole swelled to £94m
Investigations into the collapse of Patisserie Valerie have found the group's hidden problems were at least £50m worse than initial estimates suggested.
The Birmingham-based cafe chain was plunged into a crisis in October when it revealed serious accounting irregularities.
Patisserie Valerie was a respected stock market-listed business worth £450m last October, before it revealed huge issues with its finances.
It sparked off a sequence of increasingly desperate measures - its shares were suspended, finance director Chris Ma... 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...
