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Pin to quick picksPatisserie Holdings Plc Share News (CAKE)

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Deputy chairman quits scandal-hit Patisserie Valerie

Thu, 17th Jan 2019 11:31

(Sharecast News) - Beleaguered café chain Patisserie Valerie's deputy chairman and non-executive director Lee Ginsberg resigned with immediate effect on Thursday, becoming the latest in a number of senior figures to quit the company.He is the second non-executive director to step down from the company this week after restaurant boss James Horler quit on Monday, even after the company's accounting scandal led to the appointment of a new chief executive, chief financial officer, non-executive director, commercial director and production director.Ginsberg had been chair of the audit committee at Patisserie Valerie, which has uncovered huge accounting inconsistencies, according to a market update released on Wednesday, which revealed its balance sheet had been "significantly" manipulated through thousands of false entries.The shocking revelations followed news from September that the AIM traded chain had a £40m hole in its accounts.Subsequently, the business has survived due to an emergency loan from chairman Luke Johnson and the work of KPMG, who have been hired in order to explore the options available in order to keep the chain afloat.Patisserie Holdings' shares were unchanged at 429.50p at 1132 GMT.
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15 Feb 2019 10:13

Patisserie Holdings sells Baker & Spice for £2.5m

(Sharecast News) - Patisserie Holdings - the parent company of Patisserie Valerie - has sold its deli and bakery chain, Baker & Spice, to the Department of Coffee & Social Affairs for £2.5m.

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15 Feb 2019 09:48

Patisserie Holdings Completes GBP2.5 Million Sale Of Baker & Spice

LONDON (Alliance News) - Patisserie Holdings PLC on Friday confirmed it has sold Baker & Spice to speciality coffee store Department of Coffee & Social Affairs for GBP2.5 embattled coffee

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14 Feb 2019 12:17

Patisserie Holdings Confirms Sale Of Cake Unit To Private Equity Firm

LONDON (Alliance News) - Patisserie Holdings PLC on Thursday confirmed it has sold its cake and cafe chain Patisserie Valerie and sister brandPhilpotts for GBP13 million combined.Earlier on

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14 Feb 2019 11:22

Patisserie Valerie rescued by Irish private equity firm

(Sharecast News) - Patisserie Valerie has been bought out of administration by Dublin-based private equity firm Causeway Capital Partners.

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14 Feb 2019 10:07

Cake Chain Patisserie Holdings Rescued By Irish Private Equity Firm

LONDON (Alliance News) - Cake chain Patisserie Holdings PLC has been bought out of administration by an Irish private equity firm, safeguarding nearly 2,000 jobs.Dublin-based Causeway is to

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25 Jan 2019 06:58

PRESS: Patisserie Valerie Parent In Talks Over Tax Rebates

LONDON (Alliance News) - The parent of the Patisserie Valerie cafe chain is in talks with the UK taxman to get rebates on corporation tax paid on potentially non-existent profits, the Financial

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23 Jan 2019 17:01

TOP NEWS: Patisserie Holdings To Close 71 Stores After Administration

LONDON (Alliance News) - Patisserie Holdings PLC on Wednesday said it has closed 71 of its stores the day after collapsing into administration.The cake chain said it has closed a number of

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23 Jan 2019 11:05

Patisserie Valerie shareholder 'considering legal action'

(Sharecast News) - Collapsed café group Patisserie Holdings could face potential legal action from disgruntled investors, it emerged on Wednesday.

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22 Jan 2019 18:29

UPDATE: Patisserie Holdings Nomad Resigns On "Mutual Agreement"

LONDON (Alliance News) - Patisserie Holdings PLC on Tuesday said Canaccord Genuity Ltd has resigned as nominated adviser and broker."The company has no current intention of appointing

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22 Jan 2019 17:21

Patisserie Valerie owner calls in administrators after bank talks fail

(Sharecast News) - Patisserie Holdings has called in the administrators after directors failed to get support from the cafe chain's lenders.

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22 Jan 2019 17:16

TOP NEWS: Cake Chain Patisserie Holdings Collapses Into Administration

LONDON (Alliance News) - Patisserie Holdings PLC on Tuesday said it has appointed KPMG as administrators as extensive fraud prevented it from renewing loans.The Patisserie Valerie cake shop

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21 Jan 2019 09:44

Patisserie Valerie Owner Says Remains In Talks With Lenders Over Loans

LONDON (Alliance News) - Embattled cafe chain Patisserie Holdings PLC said Monday it remains in talks with lenders to extend the standstill of its bank facilities beyond January 18.The the

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21 Jan 2019 08:26

Patisserie Valerie still in talks with banks

(Sharecast News) - Patisserie Valerie cafe chain owner Patisserie Holdings confirmed on Monday that it is still in talks with its lenders about providing continued support for the company.

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21 Jan 2019 07:59

LONDON MARKET PRE-OPEN: Glaxo Chair To Exit; William Hill Profit Down

LONDON (Alliance News) - Stock prices in London are set for a marginally higher open on Monday, with investors optimistic about US-China trade relations and hopeful for economic stimulus in China

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21 Jan 2019 07:01

PRESS: Luke Johnson In Emergency Bank Talks To Save Patisserie Valerie

LONDON (Alliance News) - Patisserie Valerie, the main trading subsidiary of Patisserie Holdings PLC, has a potential to collapse as soon as Tuesday if emergency talks between major shareholder and

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