Patisserie Valerie to go under without cash boost

More than 2,000 jobs are at risk after the company behind Patisserie Valerie said that it needed emergency funding.

Patisserie Holdings revealed the extent of its perilous financial position yesterday when it said that it was in need of “an immediate injection of capital”.

The London stock market-listed company revealed a hole in its accounts on Wednesday and “potentially fraudulent, accounting irregularities”.

Luke Johnson, the chairman and 37% shareholder, is understood to be considering making a significant cash injection into the Aim-listed operator of Patisserie Valerie in a desperate attempt to save the company from going bust.

The latest development throws into question the immediate future of its 2,500 staff.

Click here for the full Times article (£)

Click here for the full Telegraph article (£)

Click here for the full Independent article

Click here for the full Guardian article

Click here for the full FT article (£)