Retail

Patisserie Valerie collapses into administration

By 2019-01-22T17:17:00

Pattiserie Valerie store front with chairs and a cake counter

Source: Tony Monblat/Flickr

Patisserie Valerie has collapsed into administration after rescue talks with banks failed.

Administrators at KPMG have been appointed to run the process, which will see 70 store close immediately, after the trouble chain said it did not have sufficient funds to meet its liabilities.

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