Patisserie Valerie administrators face accounting chaos
Patisserie Valerie’s accounts are in a state of carnage. Reports suggest that KPMG has only managed to compile two months of reliable financial data since being appointed as the administrator on 16 January. That’s hardly surprisingly considering PwC – which spent two months reviewing the company – couldn’t come to any firm conclusions about the depth of the scandal. But still, this lack of clarity has implications for many parties.
For example, potential buyers, who might be looking to pick up the remains of Patisserie Valerie on the cheap are unlikely to buy the entire portfolio without clear financial information. Instead,…
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