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    Patisserie Holdings PLC

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    • Sunday, 26 June, 2022
      Patisserie Valerie settles with Grant Thornton over £200mn claim

      Administrators end lawsuit that alleged negligence in audits of café chain

    • Monday, 27 September, 2021
      Helen Thomas
      UK audit failings highlight need for new approach

      Grant Thornton’s ‘lack of competence’ over Patisserie Valerie shows why sector needs rebuilding from the bottom

    • Monday, 27 September, 2021
      FT AlphavilleJamie Powell
      Grant Thornton/ Patisserie Valerie: underbaked audit

      The FRC issue its report into the accounting scandal at the British cake shop chain.

    • Monday, 27 September, 2021
      Grant Thornton UK LLP
      Grant Thornton fined £2.3m for Patisserie Valerie audits

      Firm showed ‘serious lack of competence’ in its work on collapsed UK café chain, says Financial Reporting Council

    • Thursday, 7 January, 2021
      Grant Thornton UK LLP
      Grant Thornton sued for £200m over Patisserie Valerie audits

      Lawsuit set to be one of largest brought against mid-tier accounting firm in London courts

    • Wednesday, 18 December, 2019
      LombardMatthew Vincent
      Audit proposals mean more words, not necessarily better numbers

      Donald Brydon’s report concludes auditors must also write a lot more

    • Wednesday, 23 October, 2019
      KPMG LLP
      KPMG nets £2.3m for Patisserie Valerie despite conflict of interest

      Firm paid for work on failed chain even after quitting administrator role over Grant Thornton link

    • Tuesday, 8 October, 2019
      Accountancy
      Grant Thornton cuts partner numbers as it seeks improvement

      About a dozen senior staff will leave accounting firm as it restructures after hard year

    • Friday, 26 July, 2019
      Patisserie Valerie creditors pick new administrator for claims

      Restructuring firm FRP will succeed KPMG after criticism over conflict of interest

    • Monday, 24 June, 2019
      LombardMatthew Vincent
      Unlike Boris, PatVal boss Luke Johnson cannot have it both ways

      Former café chain boss returns to print, but hasn’t much to say about business’s demise

    • Sunday, 23 June, 2019
      Five arrested in Patisserie Valerie fraud probe

      SFO says unnamed individuals held after joint operation with Met and other forces

    • Friday, 21 June, 2019
      Grant Thornton UK LLP
      Grant Thornton CEO keen to move on from calamitous year

      David Dunckley admits audit firm is under scrutiny after series of controversies

    • Sunday, 9 June, 2019
      Luke Johnson denies knowledge of Patisserie Valerie fraud 

      Former chairman of high street café chain returns as Sunday Times business columnist

    • Monday, 29 April, 2019
      LombardMatthew Vincent
      Deloitte and KPMG show accountants club rules are inconsistent

      Decisions on Ferrexpo and Pat Val suggest Big Four do not behave as one

    • Monday, 29 April, 2019
      KPMG LLP
      KPMG criticised over Patisserie Valerie conflict of interest

      Bakery chain’s creditors and shareholders attack firm for taking on administrator role

    • Wednesday, 24 April, 2019
      Luke Johnson
      Luke Johnson joins Patisserie Valerie creditor committee

      Former chairman’s place on panel raises conflict of interest concerns

    • Saturday, 16 March, 2019
      Patisserie Valerie overstated total financial position by £94m

      KPMG report finds café chain’s initial estimates overstated cash position by £54m

    • Friday, 1 March, 2019
      Patisserie Valerie’s ousted chief takes legal action against new owner

      Steve Francis says Causeway Capital made ‘baseless allegations’ about his conduct

    • Thursday, 28 February, 2019
      New Patisserie Valerie directors leave two weeks after rescue

      Chief executive and chief commercial officer shown exit by private equity backers

    • Friday, 15 February, 2019
      Patisserie Valerie administrators sell off Baker & Spice cafés
    • Thursday, 14 February, 2019
      LombardMatthew Vincent
      Patisserie Valerie is ‘saved’ but more than face has been lost

      Deal saves 2,000 bakers and waiters, but already some 900 jobs have gone and 71 stores closed

    • Thursday, 14 February, 2019
      Patisserie Valerie rescued from administration

      Management and Causeway Capital plan to keep open 100 stores in, saving 2,000 jobs

    • Monday, 11 February, 2019
      Financial fraud
      Cartoon, February 11

      Mega Files: the role of auditors

    • Sunday, 10 February, 2019
      Retail sector
      Mike Ashley ditches Patisserie Valerie bid after just 2 days

      Sports Direct complains of being shut out of bidding process

    • Friday, 8 February, 2019
      Retail & Consumer industry
      Mike Ashley’s Sports Direct offers to buy Patisserie Valerie

      Approach for beleaguered café chain announced on Friday

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