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Profits at Luke Johnson’s artisan bakery were nearly wiped out last year, delivering another blow to the embattled entrepreneur as he fights to fix the mess at..
3 days ago • MailOnline

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Nick Perrin fills the role while the board searches for a replacement for Chris Marsh, who was arrested on suspicion of fraud following the discovery of a black..
1 week ago • MailOnline
Nick Perrin, former finance head at veterinary group CVS, will take up the role while the board searches for a permanent replacement for predecessor Chris..
1 week ago • MailOnline
Patisserie Valerie has appointed a new interim finance chief as the cake chain attempts to bounce back from a tumultuous few months.
Credit: Express and Star - Published 1 week ago

Credit: FT.com - Published 1 week ago

The move to replace Grant Thornton comes days after the Financial Reporting Council revealed it had launched a probe into the accountancy group. Grant Thornton..
2 weeks ago • MailOnline
It's between Patisserie Valerie and Greggs - and it's a tight squeeze at just 25in wide at the narrowest point
2 weeks ago • Torquay Herald Express
In a fresh setback for the troubled accountant, the Financial Reporting Council has launched an inquiry after a £40m black hole was discovered in the accounts..
Credit: MailOnline - Published 3 weeks ago

In a fresh setback for the troubled accountant, the Financial Reporting Council has launched an inquiry after a £40m black hole was discovered in the accounts..
3 weeks ago • MailOnline
B&Q owner Kingfisher has unveiled plans to exit Russia, Spain and Portugal to focus on its core markets where sales continue to fall.
3 weeks ago • MailOnline
Cafe chain uncovered 'significant, and potentially fraudulent, accounting irregularities' earlier this year
Credit: Independent - Published 3 weeks ago

The accountancy watchdog is investigating Grant Thornton after fraud allegations at the cake stores.
3 weeks ago • BBC News
Patisserie Holdings' lenders have agreed to extend its loan agreement to January 18 amid an internal probe into alleged fraud.
3 weeks ago • MailOnline
Chairman of café chain Patisserie Valerie takes on John Gibson of Cohen & Gresser
Credit: FT.com - Published on November 16, 2018

Paul May, 59, stepped down with immediate effect as the cafe chain’s parent company brought in Stephen Francis, the former chief executive of British pork..
on November 15, 2018 • MailOnline
Not a great deal's known of his replacement at Pat Val, ex-PWC beancounter Stephen Francis. Though I notice he was previously a director of something called..
on November 15, 2018 • MailOnline
Departure comes just over a month after the company found a hole in its accounts and was forced to raise emergency funds to stay afloat
Credit: Independent - Published on November 15, 2018

THE boss of beleaguered cake chain Patisserie Valerie has stepped down as the company led by the owner of Brighton Pier installs a new CEO to lead its recovery.
Credit: The Argus - Published on November 15, 2018

Patisserie Valerie nearly went out of business last month
on November 15, 2018 • Dorking Leatherhead Advertiser
His role will be taken up by Stephen Francis, who was recently CEO of pork producer Tulip, where he led a rapid return from significant losses
on November 15, 2018 • Tamworth Herald
Paul May will be replaced by Stephen Francis, effective immediately
Credit: FT.com - Published on November 15, 2018

Luke Johnson will not collect any pay after an accounting scandal nearly bankrupted the cafe chain.
on November 4, 2018 • BBC News
The serial entrepreneur has told the board he will not take a penny of his annual £60,000 salary for the rest of his time at the 206-outlet coffee and cakes..
on November 4, 2018 • MailOnline
Investors lashed out at management accusing directors of 'holding a gun to our heads' in the wake of an accounting scandal that brought the firm to its knees.
on November 1, 2018 • MailOnline
Chairman appears to mix grains of truth with more than just a hint of false jeopardy
Credit: FT.com - Published on November 1, 2018

THE entrepreneur who owns Brighton Palace Pier has hit back at shareholders who criticised his actions at one of his flagship businesses.
Credit: The Argus - Published on November 1, 2018

'Quite a few companies in our situation aren't saved, they go into administration,' the embattled company's chairman, Luke Johnson, told shareholders today.
on November 1, 2018 • MailOnline
The AIM listed chain's executive chairman and biggest investor has pledged to scale back his external commitments
Credit: Independent - Published on November 1, 2018

Shareholders have voted to approve rescue deal but accused management of 'holding a gun to our heads' with plan
Credit: Independent - Published on November 1, 2018

BBC Local News: Birmingham and Black Country -- Shareholders back a rescue plan to bring in new investors, but vent their fury at chairman Luke Johnson.
on November 1, 2018 • BBC Local News
Credit: FT.com - Published on November 1, 2018

Shareholders endorse a move to bring in new investors, but vent their fury at chairman Luke Johnson.
on November 1, 2018 • BBC News
Shareholders endorse a move to bring in new investors, but vent their fury at chairman Luke Johnson.
on November 1, 2018 • BBC News
Luke Johnson will face angry shareholders in the wake of an accounting scandal that has rocked the cafe chain. Investors want to know how a £40m black hole..
on October 31, 2018 • MailOnline
Patisserie Valerie wasn't allowing journalists to attend today's emergency meeting until a U-turn late yesterday evening. This was the result of a..
on October 30, 2018 • MailOnline
Ahead of a crunch shareholder meeting, a leading institutional investor warned there needed to be 'wholesale change' at the top of the firm.
on October 28, 2018 • MailOnline
Shareholders are expected to give their backing to a rescue package proposed by the firm at a meeting on Thursday and chairman Luke Johnson is set to face tough..
on October 27, 2018 • MailOnline
Chris Marsh had been director at the group since 2007
Credit: FT.com - Published on October 26, 2018

atisserie Holdings, the parent of the cake chain, said on Friday that it had accepted the resignation of chief financial officer Chris Marsh
on October 26, 2018 • Tamworth Herald
When the bakery chain last filed accounts, for the year to September 2017, it was carrying £17.7 million of so-called goodwill on its balance sheet.
on October 25, 2018 • MailOnline
Shareholders and MPs have now urged the Financial Conduct Authority (FCA) to launch a full probe into the parent company of Patisserie Valerie.
on October 24, 2018 • MailOnline
Company cannot explain why shareholders not notified of grants to CEO and CFO
Credit: FT.com - Published on October 24, 2018

Luxury cake chain Patisserie Valerie has survived a winding up petition in the High Court and launched a further probe into share option scheme for its top..
Credit: Express and Star - Published on October 24, 2018

Shareholders are concerned the investigation is not independent enough with boss Luke Johnson involved.
on October 23, 2018 • MailOnline
Chief and CFO had second helpings of shares despite no explanation from chain
Credit: FT.com - Published on October 22, 2018

Teacher Stern says it is speaking to shareholders about possible claim over accounting irregularities. 
Credit: Law Society Gazette - Published on October 22, 2018

Government should examine whether benefits draw the wrong type of investors
Credit: FT.com - Published on October 21, 2018

Six months ago Britain's favourite posh coffee and cake shop Patisserie Valerie was flying.
on October 20, 2018 • MailOnline
Options for Paul May and Chris Marsh were pegged to profit figures that may need to be revised
Credit: FT.com - Published on October 19, 2018

Credit: Telegraph.co.uk - Published on October 19, 2018

How can you prevent a disaster like Patisserie Valerie’s share suspension from ruining your portfolio?

The post Take steps to avoid your portfolio..
Credit: MoneyWeek - Published on October 19, 2018

Serial entrepreneur and business pundit Luke Johnson was supposed to have a knack for spotting successful restaurant formats. The Patisserie Valerie scandal has..
Credit: MoneyWeek - Published on October 19, 2018

Patisserie Valerie has shocked the markets with an accounting scandal, prompting a bailout from chairman Luke Johnson. Marina Gerner reports.

The post..
Credit: MoneyWeek - Published on October 19, 2018

Hove MP Peter Kyle has called for Parliament to investigate the problems at Patisserie Valerie, the cake shop chain with branches in Brighton and Hove. A £40..
Credit: Brighton and Hove News - Published on October 18, 2018

Chief executive Luke Johnson, who owns more than a third of the cafe’s parent company Patisserie Holdings, is facing calls to account for his governance of the..
on October 17, 2018 • MailOnline
Patisserie Valerie now finds itself in the sights of Rachel Reeves at the Business Select Committee, whose most recent target was Unilever, with a market value..
on October 17, 2018 • MailOnline
Shares in café chain remain suspended until it can give more details of accounting issues
Credit: FT.com - Published on October 16, 2018

Patisserie Valerie is a warning for retail property developers, says Stifel
Credit: FT.com - Published on October 16, 2018

Patisserie Valerie is a warning for retail property developers, says Stifel
Credit: FT.com - Published on October 16, 2018

With the benefit of hindsight, sales per store were too steady.
Credit: FT.com - Published on October 16, 2018

Paul May’s decision to step down as a non-executive director at the group, which owns Frankie & Benny’s, came after a black hole of nearly £40m was..
Credit: MailOnline - Published on October 15, 2018

Paul May’s decision to step down as a non-executive director at the group, which owns Frankie & Benny’s, came after a black hole of nearly £40m was..
on October 15, 2018 • MailOnline
The boss of Patisserie Valerie has resigned from the board of Restaurant Group in order to focus on his role at the cafe chain which just days earlier unearthed..
Credit: Express and Star - Published on October 15, 2018

Around £9.7m had been run up in total on the two facilities without the knowledge of board members
Credit: Independent - Published on October 15, 2018

Investors in cake shop Patisserie Valerie got quite the shock last week. John Stepek explains how to avoid that sort of thing happening to you.

The..
Credit: MoneyWeek - Published on October 15, 2018

Credit: Telegraph.co.uk - Published on October 15, 2018

The future of two cake shops in Brighton and Hove looks assured after entrepreneur Luke Johnson arranged an emergency bail-out of Patisserie Valerie. Mr Johnson,..
Credit: Brighton and Hove News - Published on October 15, 2018

Work by Grant Thornton has been called into question after bosses at Patisserie discovered the black hole in the accounts, an unpaid tax bill and two..
on October 14, 2018 • MailOnline
The company had used up two separate bank credit lines without the board’s knowledge
Credit: FT.com - Published on October 14, 2018

Credit: Telegraph.co.uk - Published on October 14, 2018

Chairman of Patisserie Valerie, Luke Johnson, said credit facilities were set up with Barclays and HSBC, and £9.7m had been used by the time the secret..
on October 14, 2018 • MailOnline
Patisserie Valerie boss Luke Johnson said he did not know about two overdrafts totalling £9.7m.
on October 14, 2018 • BBC News
Reports sent to investors advised he was not a suitable executive chairman of Patisserie Holdings because his major shareholding raised questions about his..
on October 13, 2018 • MailOnline
Luke Johnson has had to step in with a financial lifeline for café chain Patisserie Valerie
Credit: FT.com - Published on October 13, 2018

Parent firm Patisserie Holdings raised £16.7m by selling new shares to investors at 50p each. Before it was rocked by fraud claims, the shares were worth 429.5p..
on October 12, 2018 • MailOnline
For American investors, residents of hurricane-ravaged Florida and Strictly's girly-haired love rat Seann Walsh, it has not been an easy week. Nor has it been a..
on October 12, 2018 • MailOnline
Luke Johnson has vowed up to £20million to keep the chain's parent company afloat after a wind-up order by HMRC.
Credit: Daily Record - Published on October 12, 2018

The chairman came through with a major rescue package on Friday that saw him pledge up to £20 million in new loans
on October 12, 2018 • Tamworth Herald

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