KPMG, the administrators of struggling cake chain Patisserie Valerie, is closing 27 Patisserie Valerie stores and 19 Druckers Vienna Patisserie stores as part of a plan to shut 71 outlets.
As part of the closures, 25 Patisserie Valerie concessions at Debenhams and Next stores, as well as motorway service locations, have shut. The company’s bakery in Spitalfields has also closed.
Combined, these closures have resulted in 920 redundancies. The remaining 122 outlets will continue to trade while the administrators seek a buyer for the business.
David Costley-Wood, partner at KPMG and joint administrator, said: “Since our appointment less than 24 hours ago, we have been pleased with the level of interest we have received in the business, and so remain hopeful of achieving a positive outcome.
“In the meantime, we can reassure customers that across the remaining 122 stores, it is all but business as usual.”
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