THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Patisserie Valerie on track with UK expansion

High street patisserie chain Patisserie Valerie has reported a significant expansion beyond its London base during 2012, with over a 50% increase in the number of outlets across England and Scotland.

GENERAL MERCHANDISE

Patisserie Valerie on track with UK expansion

According to M&C Report, Patisserie Holdings chief executive Paul May said the group could eventually have a portfolio of more than 200 sites in the UK including those for its retail bakery businesses Druckers and Baker & Spice.

The group is planning to open 20 new sites in the current financial year to September 2013. This includes the group’s first outlets in Northern Ireland and the Republic of Ireland.

Patisserie Valerie, which was established in Soho in 1926 by Madame Valerie, now operates over 90 stores throughout the UK with a further four locations opening this month in Bournemouth, Portsmouth, Gloucester and Southend.

Patisserie Holding’s chief executive Officer Paul May credits its organic openings and acquisitions for the successful national rollout.

"Despite the current climate of doom and gloom, we have continued to bring investment and job opportunities to the UK’s high streets and encourage the interest of the public who welcome the new stores,” May said.

"If anything, the enthusiasm of the public has taken us by surprise, so we have continued to look for high quality shopping venues in which to open and continue to grow Patisserie Valerie as a national brand.

"This has put us in a different market place and is why we have been able to gain so many new customers in the last year, continue to provide much needed jobs and revive the use of empty buildings in UK towns and cities."

Following a Risk Capital Partners backed management buyout in 2006, Patisserie Holdings has seen sales grow from an annualised £7.1 million in 2007 to £40 million in 2011. The group says it is on target to achieve a turnover of £49 million this year.

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing