º£½ÇÊÓÆµ

Oops.

Our website is temporarily unavailable in your location.

We are working hard to get it back online.

PRIVACY
Retail & Consumer

Patisserie Valerie confirms 14 café closures

Owner of troubled chain announces latest developments after firm was rescued from administration earlier this year

Patisserie Valerie's site in Sutton Coldfield is one of 14 to have closed down

Fourteen Patisserie Valerie cafés have been closed, its new owner has confirmed.

Private equity group Causeway Capital said it had taken the decision to shut the smaller sites following a five-month review of their trading performance and around 100 jobs are reported to have been lost.

Although Causeway Capital has not officially announced the locations of the 14 cafés, local reports have confirmed closures in Chesterfield, Chichester, Leicester, Sutton Coldfield and Worcester.

Causeway Capital, which has offices in Dublin and London, acquired 96 branches of Patisserie Valerie, whose corporate headquarters are in Birmingham, from administrator KPMG in February.

At that time, KPMG had already closed 71 sites, including all 19 of the group's Druckers cafés, which resulted in more than 900 redundancies.

AF Blakemore, the West Midlands company behind the Spar franchise of convenience stores, also struck a deal to buy all of the group's Philpotts sandwich shops while Baker & Spice bakeries were sold to the Department of Coffee & Social Affairs.

The trio of rescue deals saved around 2,000 jobs.

A statement on these latest closures said: "Patisserie Valerie has today confirmed it has closed 14 of its smaller patisseries.