Looks like another empty prime site on Lord St is on the cards

[*concerned*]

Patisserie Valerie is in deep financial trouble, and may have to cease trading without an immediate cash injection.

The owner of Patisserie Valerie has said the cafe chain needs "an immediate injection of capital" to continue trading in its current form.
The stark statement to investors comes after the firm uncovered "significant, and potentially fraudulent, accounting irregularities".
It also belatedly discovered HMRC filed a winding-up petition against one of its principal subsidiaries in September and is seeking £1.14m in taxes

[Albion102]

It's really not a surprise. The original Pat Val based near Soho was a wonderful place. However they traded on the name, flogging superficially attractive but flavourless patisserie and awful coffee. A business that deserves to fail.

[silver fox]

It's really not a surprise. The original Pat Val based near Soho was a wonderful place. However they traded on the name, flogging superficially attractive but flavourless patisserie and awful coffee. A business that deserves to fail.

The real problem is the fall out from these failures, suppliers not paid, jobs lost, more tax dodged, there are now reports of poor, possibly fraudulent accounting, finance director currently suspended.

[said]

Patisserie Valerie is in deep financial trouble, and may have to cease trading without an immediate cash injection.

You posted after the deadline! I opened that thread yesterday!

[bensherman]

It's really not a surprise. The original Pat Val based near Soho was a wonderful place. However they traded on the name, flogging superficially attractive but flavourless patisserie and awful coffee. A business that deserves to fail.

Whatever you think of what they serve, the problems do not stem from it. It's financial incompetence and/or fraud.

[whiplash]

£4 for a slice of cake.

[Mr Saxon]

Patisserie Valerie sounds like a right rip off. A friend brought a couple of cakes around to my mum's a while ago when they first opened. I tried one, it was too sickly , spat it out and the rest of it promptly ended up in the bin.
Now, don't get me wrong, I like a cake but I'd rather have a Tesco Battenburg for a quid than this sickly drivel.

[jamyramy]

the shame is we had already a homegrown relatively new start place anyway .similar price points but to die for gastro experience!then tese players opened ,so they departed still going though quietly.locals always best !when it comes to the big players shisters offerings.

[The_Report]

Worry not, company chairman has invested 20m. ITVNEWSGranada