A veteran restaurateur has declared an intention to make a takeover bid for Patisserie Valerie, the troubled cafe chain whose shares have been suspended since a £40m hole was found in its accounts.
David Scott, who used to run Druckers Vienna Patisserie, a Birmingham-based group of cafes sold to Patisserie Valerie in 2007, said he had backing from a family-run private equity firm.
Scott has engaged a boutique adviser, Transcend Corporate, which is “gently speaking to some of the shareholders, saying, ‘Would you like to get out?’”
