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    Patisserie Holdings PLC

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    • Tuesday, 10 October, 2023
      Accountancy
      Ex-Patisserie Valerie finance chief and three others appear in court on fraud charges

      Bakery chain collapsed in 2019 after uncovering accounting irregularities, leading to 900 job losses

      A picture showing various Patisserie Valerie cakes
    • Wednesday, 13 September, 2023
      Serious Fraud Office UK
      Four people charged over collapse of Patisserie Valerie chain

      Revelation of debts in 2018 led to suspension of trading and loss of more than 900 jobs

      The Patisserie Valerie logo sits on cakes on display
    • Sunday, 26 June, 2022
      Patisserie Valerie settles with Grant Thornton over £200mn claim

      Administrators end lawsuit that alleged negligence in audits of café chain

      The Patisserie Valerie logo on top of cake slices
    • Monday, 27 September, 2021
      Helen Thomas
      UK audit failings highlight need for new approach

      Grant Thornton’s ‘lack of competence’ over Patisserie Valerie shows why sector needs rebuilding from the bottom

      Patisserie Valerie shop front
    • Monday, 27 September, 2021
      FT AlphavilleJamie Powell
      Grant Thornton/ Patisserie Valerie: underbaked audit

      The FRC issue its report into the accounting scandal at the British cake shop chain.

    • Monday, 27 September, 2021
      Grant Thornton UK LLP
      Grant Thornton fined £2.3m for Patisserie Valerie audits

      Firm showed ‘serious lack of competence’ in its work on collapsed UK café chain, says Financial Reporting Council

      A Patisserie Valerie branch in London
    • Thursday, 7 January, 2021
      Grant Thornton UK LLP
      Grant Thornton sued for £200m over Patisserie Valerie audits

      Lawsuit set to be one of largest brought against mid-tier accounting firm in London courts

      Bakery chain Patisserie Valerie was put into administration in January 2019 after the discovery of ‘significant and potentially fraudulent accounting irregularities’
    • Wednesday, 18 December, 2019
      LombardMatthew Vincent
      Audit proposals mean more words, not necessarily better numbers

      Donald Brydon’s report concludes auditors must also write a lot more

      KPMG, DELOITTE, PWC, EY big four, accountancy, montage, FTgraphic
    • Wednesday, 23 October, 2019
      KPMG LLP
      KPMG nets £2.3m for Patisserie Valerie despite conflict of interest

      Firm paid for work on failed chain even after quitting administrator role over Grant Thornton link

      People walk past Patisserie Valerie on Old Compton Road in Soho, London on October 10, 2018.
    • Tuesday, 8 October, 2019
      Accountancy
      Grant Thornton cuts partner numbers as it seeks improvement

      About a dozen senior staff will leave accounting firm as it restructures after hard year

      FILE PHOTO: Women walk past a branch of Patisserie Valerie in London, Britain, October 10, 2018. REUTERS/Simon Dawson/File Photo
    • Friday, 26 July, 2019
      Patisserie Valerie creditors pick new administrator for claims

      Restructuring firm FRP will succeed KPMG after criticism over conflict of interest

      A pedestrian walks past a branch of a Patisserie Valerie cafe in London on January 23, 2019. - British cafe chain Patisserie Valerie announced on Tuesday that it had fallen into administration, threatening the jobs of almost 3,000 staff at its nearly 200 locations. "Patisserie Holdings plc announces today that...it has been unable to renew its bank facilities, and therefore regrettably the business does not have sufficient funding to meet its liabilities as they fall due," it said in a statement to the London Stock Exchange. (Photo by Daniel LEAL-OLIVAS / AFP)DANIEL LEAL-OLIVAS/AFP/Getty Images
    • Monday, 24 June, 2019
      LombardMatthew Vincent
      Unlike Boris, PatVal boss Luke Johnson cannot have it both ways

      Former café chain boss returns to print, but hasn’t much to say about business’s demise

      A pedestrian watches as an employee selects a cake from a window display at a branch of a Patisserie Valerie cafe in London on January 23, 2019. - British cafe chain Patisserie Valerie announced on Tuesday that it had fallen into administration, threatening the jobs of almost 3,000 staff at its nearly 200 locations. "Patisserie Holdings plc announces today that...it has been unable to renew its bank facilities, and therefore regrettably the business does not have sufficient funding to meet its liabilities as they fall due," it said in a statement to the London Stock Exchange. (Photo by Daniel LEAL-OLIVAS / AFP)DANIEL LEAL-OLIVAS/AFP/Getty Images
    • Sunday, 23 June, 2019
      Five arrested in Patisserie Valerie fraud probe

      SFO says unnamed individuals held after joint operation with Met and other forces

      A pedestrian watches as an employee selects a cake from a window display at a branch of a Patisserie Valerie cafe in London on January 23, 2019. - British cafe chain Patisserie Valerie announced on Tuesday that it had fallen into administration, threatening the jobs of almost 3,000 staff at its nearly 200 locations. "Patisserie Holdings plc announces today that...it has been unable to renew its bank facilities, and therefore regrettably the business does not have sufficient funding to meet its liabilities as they fall due," it said in a statement to the London Stock Exchange. (Photo by Daniel LEAL-OLIVAS / AFP)DANIEL LEAL-OLIVAS/AFP/Getty Images
    • Friday, 21 June, 2019
      Grant Thornton UK LLP
      Grant Thornton CEO keen to move on from calamitous year

      David Dunckley admits audit firm is under scrutiny after series of controversies

    • Sunday, 9 June, 2019
      Luke Johnson denies knowledge of Patisserie Valerie fraud 

      Former chairman of high street café chain returns as Sunday Times business columnist

      A pedestrian watches as an employee selects a cake from a window display at a branch of a Patisserie Valerie cafe in London on January 23, 2019. - British cafe chain Patisserie Valerie announced on Tuesday that it had fallen into administration, threatening the jobs of almost 3,000 staff at its nearly 200 locations. "Patisserie Holdings plc announces today that...it has been unable to renew its bank facilities, and therefore regrettably the business does not have sufficient funding to meet its liabilities as they fall due," it said in a statement to the London Stock Exchange. (Photo by Daniel LEAL-OLIVAS / AFP)DANIEL LEAL-OLIVAS/AFP/Getty Images
    • Monday, 29 April, 2019
      LombardMatthew Vincent
      Deloitte and KPMG show accountants club rules are inconsistent

      Decisions on Ferrexpo and Pat Val suggest Big Four do not behave as one

      Montage for Big four - accountancy auditors, EY, Deloitte, PWC, KMPG
    • Monday, 29 April, 2019
      KPMG LLP
      KPMG criticised over Patisserie Valerie conflict of interest

      Bakery chain’s creditors and shareholders attack firm for taking on administrator role

      A pedestrian watches as an employee selects a cake from a window display at a branch of a Patisserie Valerie cafe in London on January 23, 2019. - British cafe chain Patisserie Valerie announced on Tuesday that it had fallen into administration, threatening the jobs of almost 3,000 staff at its nearly 200 locations. "Patisserie Holdings plc announces today that...it has been unable to renew its bank facilities, and therefore regrettably the business does not have sufficient funding to meet its liabilities as they fall due," it said in a statement to the London Stock Exchange. (Photo by Daniel LEAL-OLIVAS / AFP)DANIEL LEAL-OLIVAS/AFP/Getty Images
    • Wednesday, 24 April, 2019
      Luke Johnson
      Luke Johnson joins Patisserie Valerie creditor committee

      Former chairman’s place on panel raises conflict of interest concerns

      BIZ LIFE BYLINE Luke Johnson of Risk Capital Partners. Credit: David Parry/ FT
    • Saturday, 16 March, 2019
      Patisserie Valerie overstated total financial position by £94m

      KPMG report finds café chain’s initial estimates overstated cash position by £54m

      LONDON, ENGLAND - MARCH 09: Cakes in the window of Patisserie Valerie in the Soho area of the City of Westminster on March 9, 2011 in London, England. Soho is approximately one square mile in area and has been long established as an entertainment district of London. It has a high density of bars, cafes, nightclubs, restaurants, theatres as well as fashion outlets and media offices. It is the centre of London's gay district and is also synonymous with the sex industry, containing several adult shops and strip clubs. Former residents of Soho include: Karl Marx, Casanova, Canaletto, William Blake, Isaac Newton, John Logie Baird and Mozart. (Photo by Oli Scarff/Getty Images)
    • Friday, 1 March, 2019
      Patisserie Valerie’s ousted chief takes legal action against new owner

      Steve Francis says Causeway Capital made ‘baseless allegations’ about his conduct

      Tarts and cakes sit on display in the window of a Patisserie Valerie cake store, owner by Patisserie Holdings Plc, in central London, U.K., on Friday, Oct. 12, 2018. Patisserie Holdings Plc finance chief Chris Marsh was arrested as U.K. fraud prosecutors opened a probe into an accounting scandal that threatens to shutter the cake baker's 200-plus stores.  Photographer: Simon Dawson/Bloomberg
    • Thursday, 28 February, 2019
      New Patisserie Valerie directors leave two weeks after rescue

      Chief executive and chief commercial officer shown exit by private equity backers

      Patisserie Valerie was founded in 1926 and expanded into an Aim-listed group with a market capitalisation of almost £600m
    • Friday, 15 February, 2019
      Patisserie Valerie administrators sell off Baker & Spice cafés
    • Thursday, 14 February, 2019
      LombardMatthew Vincent
      Patisserie Valerie is ‘saved’ but more than face has been lost

      Deal saves 2,000 bakers and waiters, but already some 900 jobs have gone and 71 stores closed

      People walk past Patisserie Valerie on Old Compton Road in Soho, London on October 10, 2018.
    • Thursday, 14 February, 2019
      Patisserie Valerie rescued from administration

      Management and Causeway Capital plan to keep open 100 stores in, saving 2,000 jobs

      Patisserie Valerie was founded in 1926 and expanded into an Aim-listed group with a market capitalisation of almost £600m
    • Monday, 11 February, 2019
      Financial fraud
      Cartoon, February 11

      Mega Files: the role of auditors

    Previous page You are on page 1 Next page

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