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Patisserie Valerie chairman pumps in £20m to stave off collapse12 Oct 1:22pm

Patisserie Valerie chairman pumps in £20m to stave off collapse

The Guardian
Rescue plan emerges after finance director Chris Marsh was arrested on suspicion of fraud The multi-millionaire chairman of Patisserie Valerie is pumping £20m of his own cash into the stricken cake and cafe chain in a bid to ward off collapse as a result of “fraudulent activity” that has left the business teetering on the brink. Details of the proposed emergency rescue plan came hours after it emerged that the finance director of Patisserie Holdings, which has just over 200 cafes and nearly 3,000 staff, had been arrested at his home by police.
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