Patisserie Valerie in crucial talks with banks over cash lifeline to avoid administration

Scandal-hit cake chain’s credit facilities expired on Friday; major shareholder Luke Johnson holds talks with HSBC and Barclays

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The Independent /  🏆 80. in UK

Belgique Dernières Nouvelles, Belgique Actualités

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Patisserie Valerie collapses into administration putting thousands of jobs at riskPatisserie Valerie has collapsed into administration, after falling victim to a "significant fraud" and failing to secure new banking facilities.
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Patisserie Valerie collapses into administrationSky News is an unrivalled, world class breaking news service with a spirit of innovation and a fresh approach to news broadcasting. As the UK's first dedicated 24-hour news channel, Sky News has built a deserved reputation for being the first to break major news as well as offering insight and analysis on the latest stories. It is renowned for the speed of its coverage and flexibility of reporting news live across all its platforms - TV, mobile, online, social, connected TV and radio.
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Patisserie Valerie stores may close - 2,800 jobs at risk as cake shop in administrationPATISSERIE VALERIE is the British cafe store that run in the United Kingdom. According to news reports the business is in administration.
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