Patisserie Valerie

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  • System
    System Posts: 178,093 Community Admin
    Photogenic Name Dropper First Post
    "Patisserie Valerie warns accounting scandal is worse than thought"
    https://www.ft.com/content/f139e9ee-19a7-11e9-9e64-d150b3105d21
  • System
    System Posts: 178,093 Community Admin
    Photogenic Name Dropper First Post
    "Patisserie Valerie goes into administration"
    https://www.ft.com/content/b5e1ecf2-1e66-11e9-b126-46fc3ad87c65
  • jimjames
    jimjames Posts: 17,596 Forumite
    Photogenic Name Dropper First Anniversary First Post
    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
    Remember the saying: if it looks too good to be true it almost certainly is.
  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
    First Anniversary Name Dropper First Post Combo Breaker
    To be fair, the standard of their croissants had declined.
    Free the dunston one next time too.
  • ffacoffipawb
    ffacoffipawb Posts: 3,593 Forumite
    Name Dropper First Anniversary First Post Photogenic
    kidmugsy wrote: »
    To be fair, the standard of their croissants had declined.

    Perhaps the only thing they could cook properly was their books.
  • Alexland
    Alexland Posts: 9,653 Forumite
    First Anniversary Photogenic Name Dropper First Post
    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
    Plus Posts: 433 Forumite
    First Anniversary First Post Combo Breaker
    Economic wrote: »
    "Patisserie Valerie goes into administration"

    Oh, crumbs.
  • surfsister
    surfsister Posts: 7,527 Forumite
    I've been Money Tipped!
    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
    surfsister Posts: 7,527 Forumite
    I've been Money Tipped!
    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
    Brian65 Posts: 255 Forumite
    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?
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