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Directors come out on top in Patisserie Valerie’s rescue deal

14/02/2019 · Patisserie Holdings PLC (CAKE) 

AIM Small Caps

Stephen Francis, the new CEO of Patisserie Valerie, who has contributed to the deal to buy the company out of administration
New chief executive Stephen Francis could do very nicely after buying a chunk of the company out of administration

The announcement of the sale of Patisserie Valerie was of the usual brevity one has now come to expect from this disgraced business. Shareholders are still in the dark over the fate of the company which they, technically owned.

The official stock exchange announcement confirmed the sale of Patisserie Valerie to Dublin based Causeway Capital and Philpotts to A.F.Blakemore for a total consideration of £13m comprising £10m cash and £3m deferred consideration. That’s it –…

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