Patisserie valerie

Patisserie Valerie’s Closures and Administration After Fraud Continue | Eater London

"Once a glamorous patisserie chain, it plunged into administration after the discovery of an elaborately concealed £94 million accounting shortfall, triggering the closure of about 70 restaurants and the loss of roughly 900 jobs. The fallout has included five further arrests and ongoing scrutiny of senior management, former chairman Luke Johnson, and auditors Grant Thornton, while new owners Irish Capital Causeway grapple with the consequences. Investigations uncovered serious mismanagement and operational issues — from broken ovens to reports of puff pastry being made without butter — making the company's troubles a long-running saga." - James Hansen