Patisserie Valerie to close nine stores
Patisserie Valerie is to close nine stores that have not recovered as well as expected following the Covid-19 pandemic.
In a statement, the coffee and pastries business said it had “faced a period of unprecedented challenges in recent times”.
As a result, it will close three sites in Belfast and stores at London’s Victoria Station, Eastbourne, Exeter, Glasgow Central, Dundee and Windsor.
However, the wider business will not be affected by the move which followed a review of Patisserie Valerie’s store portfolio.
The company, which is backed by Irish private equity firm Causeway Capital, has also announced that its VP Retail Limited subsidiary will cease to trade following the closures.
Patisserie Valerie chief executive James Fleming said: “Whilst closing stores is never an easy decision to take, we are confident this is the right thing to do to ensure the group is in a stronger position to continue investing and delivering the high-quality experience our customers rightly expect in these challenging times.”
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