Four Patisserie Valerie stores in Scotland to close

Three Patisserie Valerie outlets in Glasgow and one in Edinburgh are among the UK closures. Picture: Reuters/Simon Dawson
Three Patisserie Valerie outlets in Glasgow and one in Edinburgh are among the UK closures. Picture: Reuters/Simon Dawson
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Four Patisserie Valerie outlets in Scotland are set to shut.

Three cafes in Glasgow and one in Edinburgh are among 71 UK sites for the cake chain that will close permanently.

An outlet operating out of Edinburgh’s Debenhams department store on Princes Street will shut.

READ MORE: Alarm bells ring as Scots business failures jump by fifth

Glasgow’s Debenhams will also lose its Patisserie Valerie arm.

Other stores at 18-20 Royal Exchange Square and 4 Southgate Street in Glasgow will also close for good.

Stores on George IV and North Bridge in Edinburgh have survived the raft of announced closures.

The decision would leave nine outets operating in Scotland, including one in each of Dundee and Aberdeen.

Administrators have confirmed the list of closures, which will lead to 920 redundancies.

KPMG, which was appointed on Tuesday evening, said the number consisted of 27 stand-alone stores, 19 Druckers outlets and 25 Patisserie Valerie concessions in Debenhams, Next and at motorway service areas.

The company’s bakery in Spitalfields has also closed.

The remaining 122 outlets will continue to trade while the professional services firm seeks 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.”

Prior to its collapse, the cake chain employed more than 3,000 people.

Patisserie Valerie said yesterday that discussions with its lenders HSBC and Barclays to extend a standstill agreement on its debts had failed, leaving it with no option but to call in corporate undertakers.

The cake firm’s parent company Patisserie Holdings has been grappling with the fallout of an accounting fraud since October.

It said that the extent of fraud meant it was unable to renew its bank loans and it did not have sufficient funding to continue trading.

Chairman Luke Johnson has extended an unsecured, interest-free loan to help ensure that the January wages are paid to all staff working in the ongoing business.

Last week, Patisserie revealed KPMG had been hired to carry out a review of all options following the accounting scandal which pushed it close to collapse in 2018.

It also unveiled the “devastating” extent of irregularities in its books, which included thousands of false entries into the company’s ledgers.

The firm said an initial investigation pointed to cashflow and profitability being worse than previously thought when the problem was first discovered in October.

The discovery of a black hole in the company’s accounts in October last year pushed it into a full blown crisis which saw it almost cease trading.

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The 71 Patisserie Valerie closures - is your local listed?

Debenhams concessions:
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

Druckers outlets:
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
Solihull Druckers 26 Jubilee Walk
Stratford Upon Avon Druckers 43 Henley Street
Tamworth Druckers 51 Ankerside Centre George Street
Wolverhampton Druckers 61 Dudley Street

Motorway concessions:
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

Next concessions:
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

Stand-alone Patisserie Valerie stores:
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