The executive chairman and chief executive of Patisserie Holdings did not disclose a possible conflict of interest to investors arising from their ownership of a shop of its collapsed café chain.
Luke Johnson, 56, and Paul May, 59, are landlords of the Patisserie Valerie’s Tunbridge Wells store, which is leased to the business for £45,000 a year.
They bought the building in 2014, three months before the café opened, through a vehicle called Tunbridge Freehold Ltd, which they jointly own.
