An audacious attempt to save “at least half” of Patisserie Valerie’s shops is underway following the collapse of the bakery chain into administration.
David Scott, a veteran restaurateur who sold his former business Druckers to Patisserie Valerie more than a decade ago, has lined up advisers and will make a bid for most of the remaining 122 outlets, he told The Telegraph.
Equity backers are already in place together with a “tiny bit of debt”, Scott said.
And the Times reports that the administrator of Patisserie Valerie is confident of selling the failed café chain, but Luke Johnson is said to be unlikely to buy it back.
