Patisserie Valerie falls into administration as bank talks fail




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Almost 3,000 jobs at risk at chain plunged into crisis after finding a £40m black hole in accounts

Patisserie Valerie has collapsed into administration, putting more than 3,000 jobs at risk, after it failed to secure a financial lifeline from its banks.

About 70 of the cafe group’s nearly 200 stores and concessions will close immediately, with the loss of about 900 jobs.

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