Following the discovery of accounting fraud at Patisserie Valerie, the company's two Irish outlets, located on Henry Street and in Blanchardstown in Dublin, are likely to permanently close as part of a company-wide administration.
UK Closures
Patisserie Valerie has also closed 71 outlets in Britain in the wake of news that the firm had appointed auditing firm KPMG as administrators after it was unable to renew its bank facilities in the aftermath of its accounting scandal.
In the UK, the closures will result in the loss of approximately 920 jobs.
© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.
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