Patisserie Valerie

System

"Patisserie Valerie warns accounting scandal is worse than thought"
https://www.ft.com/content/f139e9ee-19a7-11e9-9e64-d150b3105d21

System

"Patisserie Valerie goes into administration"
https://www.ft.com/content/b5e1ecf2-1e66-11e9-b126-46fc3ad87c65

jimjames

Economic wrote: »

"Patisserie Valerie goes into administration"
https://www.ft.com/content/b5e1ecf2-1e66-11e9-b126-46fc3ad87c65

Or this link that you don't need to register for

https://www.bbc.co.uk/news/business-46965761

kidmugsy

To be fair, the standard of their croissants had declined.

ffacoffipawb

kidmugsy wrote: »

To be fair, the standard of their croissants had declined.

Perhaps the only thing they could cook properly was their books.

Alexland

ffacoffipawb wrote: »

Perhaps the only thing they could cook properly was their books.

I was going to comment on their declining turnovers but figured it was in poor taste given the currant situation.

Plus

Economic wrote: »

"Patisserie Valerie goes into administration"

Oh, crumbs.

surfsister

yes so sad another firm bites the dust!

Patisserie Valerie collapses into administration after talks with lenders fail to save the cafe chain
Patisserie Holdings reveals it has appointed administrators after fraud
Cafe chain has 206 sites and the administration puts 2,800 jobs at risk
The £40m black hole emerged last October and it has been fighting for survival
Chairman and entrepreneur Luke Johnson extends loan to get staff paid

surfsister

Malthusian wrote: »

Make your mind up. Do you want fewer retail shops or more independents? If we demolish a big chain store it has to be replaced by multiple smaller independents, so more independents = even more too many shops, at greater expense due to economies of scale.

Most independent shops are rubbish. The median independent is not the artisan cafe that sophisticated urbanites like to imagine, it's a kebab restaurant or a greasy spoon. With a chain you at least get a consistent level of rubbish, at a lower price. If you want something better than this then you have plenty of options available. Most people don't want something better.

Make your mind up. Family businesses are owned by shareholders. If you expect families to toil all day on the uphill struggle of running a family business and then give all their profits away, it's not going to happen.

Business rates and council levy's which businesses have to pay to councils are simply way too high!! And car parking too. Bring hese down save the high street. Simples!

Brian65

surfsister wrote: »

Business rates and council levy's which businesses have to pay to councils are simply way too high!! And car parking too. Bring hese down save the high street. Simples!

Sounds like that came straight out of the Daily Mail
No criticism of rents because that goes to the Establishment's wealthy landowners.
Cut rates and car parking charges instead because that goes to everyone.
Is inequality not high enough already?