Administration of Patisserie Valerie: update - KPMG United Kingdom
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Administration of Patisserie Valerie: update

Administration of Patisserie Valerie: update

The joint administrators of Patisserie Holdings plc have confirmed the closure of a number of loss-making outlets

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The joint administrators of Patisserie Holdings plc have confirmed the closure of a number of loss-making outlets including 27 Patisserie Valerie stores and 19 Druckers stores. In addition, 25 Patisserie Valerie concessions in Debenhams, Next and at motorway service areas have closed, alongside the company’s bakery in Spitalfields.

Combined, these closures have resulted in 920 redundancies. The joint administrators and their team continue to provide all necessary support and assistance to those employees who have lost their jobs, including providing them with the information needed to apply for monies owed from the Redundancy Payments Service.

The remaining 122 outlets will continue to trade while the administrators seek a buyer for the business.
David Costley-Wood, partner at KPMG and joint administrator, said: 

“Since our appointment less than 24 hours ago, we have been pleased with the level of interest we have received in the business, and so remain hopeful of achieving a positive outcome. 

“In the meantime, we can reassure customers that across the remaining 122 stores, it is all but business as usual.”

List of closed outlets:

Basildon - Debenhams - The Eastgate Centre

Beverley - Debenhams - Unit 4 Flemingate Centre, Flemingate

Chelmsford - Debenhams - 27 High St

Edinburgh - Debenhams - 109 Princes Street

Glasgow - Debenhams - 97 Argyle Street

Hereford - Debenhams - Auctioneers Walk, The Old Market

Liverpool - Debenhams - 42 Lord Street

London - Debenhams - 10 Garratt Lane, Southside Shopping Centre, Wandsworth

London - Debenhams - Westfield Shopping Centre, Ariel Way

London - Debenhams - 334-348 Oxford Street

Middlesbrough - Debenhams - The Corner, 1 Newport Rd,

Newport - Debenhams - 1-7 Friars Walk Shopping Centre, John Frost Square

Oxford - Debenhams - 1-12 Magdalen Street, OX1 3AA

Redditch - Debenhams - Kingfisher Shopping Centre, 19 Watford Walk

Stevenage - Debenhams - Roaring Meg Retail Park

Telford - Debenhams - Telford Shopping Centre

Wigan - Debenhams - Unit 39 Grand Arcade Shopping Centre, Compton Street

Banbury - Druckers - Unit 28, Castle Quay Shopping Centre Castle Street

Birmingham - Druckers - Café 1, Upper Mall West

Birmingham - Druckers - 100 Great Western Arcade

Burton - Druckers - Centre Mall Café, Cooper Square Shopping Centre

Cheltenham - Druckers - Unit 28 Regent Arcade

Coventry - Druckers - 66 Hertford Street

Dudley - Druckers - Unit L78C Finance Mall Merry Hill Centre

Hanley - Druckers - Unit 230, The Mall Café The Potteries Shopping Centre

Leamington Spa - Druckers - Unit 35 Royal Priors

Leeds White Rose - Druckers - White Rose Shopping Centre South Mall

Leicester - Druckers - Fosse Park Food Court

Manchester - Druckers - 169 The Arndale Centre

Nottingham - Druckers - 218 Victoria Centre

Poole - Druckers - The Mall Café Dolphin Center 

Redditch - Druckers - 25E Kingfisher Walk

Solihul - Druckers - 26 Jubilee Walk

Stratford Upon Avon - Druckers - 43 Henley Street

Tamworth - Druckers - 51 Ankerside Centre George Street

Wolverhampton - Druckers - 61 Dudley Street

Baldock - Motorway - Unit 3 Extra MSA Baldock, A1(M) Junction 10

Beaconsfield - Motorway - UNIT 2, M40 Junction 2

Cambridge - Motorway - A14 (M11) Cambridge, Boxworth

Peterbrough - Motorway - Great North Road, Haddon

Cheltenham - Next - 1A-1B, Gallagher Retail Park, Tewksbury Road

Hounslow - Next - Unit 1 Treaty Centre, 263-265 High Street

Manchester - Next - Unit 1C, Barton Square, Barton Dock Road

Manchester - Next - Unit 22 Manchester Fort Shopping Centre, Cheltenman Hill Rd

Bradford - Patisserie Valerie - The Broadway

Brighton - Patisserie Valerie - 36 East Street

Bristol - Patisserie Valerie - 57 Queens Road

Bury - Patisserie Valerie - 26-28 The Haymarket

CHESTER - Patisserie Valerie - 31, Bridge Street

Chippenham - Patisserie Valerie - Unit 1b Borough Parade

Cwmbran - Patisserie Valerie - 8 The Mall

Derby - Patisserie Valerie - 2 Crown Walk

Doncaster - Patisserie Valerie - Unit 100, 20 St Sepulchre Gate, Frenchgate Shopping Centre

Glasgow - Patisserie Valerie - B12 Glasgow Fort

Glasgow - Patisserie Valerie - 18-20 Royal Exchange Square

Gloucester - Patisserie Valerie - 4 Southgate Street

Leeds - Patisserie Valerie - Unit 2 Ground Floor, 8 St Pauls Street

Liverpool - Patisserie Valerie - Unit 1, 35 Whitechapel

London - Patisserie Valerie - 37 Brushfield Steet

London - Patisserie Valerie - 94 Holland Park Avenue

London - Patisserie Valerie - 44 Old Compton Street

London - Patisserie Valerie - 24-26 Turnham Green Terrace

London - Patisserie Valerie - 27 Kensington Church Street

London - Patisserie Valerie - 15 Bedford Street

London - Patisserie Valerie - 80 Long Acre

London - Patisserie Valerie - 215 Brompton Road

Manchester - Patisserie Valerie - 2-4 St Ann Street

Newcastle - Patisserie Valerie - 141 Grainger Street

Peterbrough - Patisserie Valerie - 2 Cathedral Square

Salisbury - Patisserie Valerie - 24 Butchers Row

Southport - Patisserie Valerie - 365 Lord Street

 


-ENDS-

 

Notes to Editors:

Blair Nimmo and David Costley-Wood were appointed joint administrators to Patisserie Holdings plc yesterday, 22 January 2019.At the same time, David Costley-Wood and Will Wright were appointed joint administrators to subsidiaries Patisserie Acquisition Limited, Stonebeach Limited, Philpotts Limited, and Flour Power City Limited.


For media enquiries, please contact:

Katy Broomhead

T: 07824 537963                                  

E: katy.broomhead@kpmg.co.uk


Simon Wilson

T: 07785 373397 

E: simon.wilson@kpmg.co.uk


KPMG Press Office: 020 7694 8773


About KPMG in the UK

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 16,300 partners and staff. The UK firm recorded a revenue of £2.338 billion in the year ended 30 September 2018. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and has 200,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

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