WARRINGTON’s branch of Patisserie Valerie will remain open following the chain’s collapse, the company’s administrators say.
A total of 71 stores will close, resulting in 920 redundancies.
But the Golden Square Shopping Centre eatery is not on the list of bakeries that are earmarked for closure and will be one of 122 remaining outlets that will operate as normal.
It had been feared that the Old Fish Market branch would close after less than a year, having only opened in August 2018.
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David Costley-Wood, partner at Patisserie Valierie’s administrators KPMG, said: “Since our appointment less than 24 hours ago we have been pleased with the level of interest we have received in the business, and so remain hopeful of achieving a positive outcome.
“In the meantime, we can reassure customers that across the remaining 122 stores, it is all but business as usual.”
The chain said on Tuesday that discussions with lenders HSBC and Barclays, aimed at extending a standstill agreement on its debts, had failed – leading it to call in administrators.
It has been vulnerable in the wake of an accounting fraud, after a financial blackhole in its accounts was revealed in October last year.
In total, 27 standalone Patisserie Valerie stores, 19 Druckers outlets and 25 concession outlets – based in Debenhams, Next and motorway service stations – will shut.
These include units in Manchester, Liverpool, Chester, Wigan and Southport.
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