Severe cost-cutting at Patisserie Valerie revealed ‘no butter puff pastry’
The new owner of Patisserie Valerie, which has its headquarters in Hall Green, has revealed that corner-cutting reached extreme levels, including stripping butter out of key products.
Matt Scaife, a partner at the Dublin-based Causeway Capital Partners bought Patisserie Valerie out of administration for just £5m in January.
In an interview with The Telegraph he said a cost-cutting approach was so severe that managers stopped using butter in the cake chain’s puff pastry as well as broken ovens, unpaid suppliers, and a leak in ... 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...