Patisserie Valerie

Patisserie Valerie
Pâtisserie, café
Genre Café chain
Founded 1926
Founder Madame Valerie
Headquarters United Kingdom
Website https://www.patisserie-valerie.co.uk/

Patisserie Valerie is a chain of cafés that operate in the United Kingdom. The chain specialises in hand-made cakes, and its menu includes continental breakfasts, lunches and teas and coffees.

History

The Sutton, London branch in Sutton High Street

Patisserie Valerie was first opened in 1926 in Frith Street, central London by the Belgian, Madame Valerie. It remained there until bombing during World War II resulted in its move to nearby Old Compton Street.[1]

The Scalzo brothers bought it in 1987 from descendants of the founder, and grew the business to nine branches, including shops in Piccadilly and Kensington[2][3] In 2006 Luke Johnson's Risk Capital Partners acquired the Scalzo brothers' controlling stake in the company.[4] At the time of the acquisition, Luke Johnson said:[1]

We have significant experience of rolling out successful food and drink concepts, including Pizza Express, Strada and Giraffe. Patisserie Valerie is a much-loved institution with tremendous heritage. We are confident there are many upscale locations across Britain's cities that would love the authentic pastries, cakes and savouries supplied by Patisserie Valerie.

The chain has expanded rapidly since 2006, growing from eight shops in 2006 to 124 as of November 2015.[4]

Stockmarket listing

In April 2014 the company announced plans to raise £33m on the London Alternative Investment Market, using the sum to reduce its debt.[5]

References

  1. 1 2 Whitehead, Jennifer (20 September 2006). "C4 chairman Johnson buys stake in Patisserie Valerie". Brand Republic. Retrieved 28 July 2011.
  2. ↑ "Patisserie Valerie set for new growth". Bakery Info. 29 September 2006.
  3. ↑ Quinn, James (15 March 2014). "Sunday interview: Patisserie Valerie's Luke Johnson". The Daily Telegraph. Retrieved 29 November 2015.
  4. 1 2 Anderson, Elizabeth (27 November 2015). "Afternoon tea boosts profits at Patisserie Valerie". The Daily Telegraph. Retrieved 29 November 2015.
  5. ↑ "Patisserie Valerie firm plans share flotation". BBC News. 23 April 2014. Retrieved 29 November 2015.
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