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Patisserie Valerie crisis 'over £20m black hole'

Patisserie Valerie crisis 'over £20m black hole'

Business
The owner of Patisserie Valerie, one of ‎Britain's largest chains of casual dining outlets, will be plunged into crisis on Wednesday when it reveals that it has found a multimillion pound black hole in its accounts. Sky News has learnt that Patisserie Holdings, which trades using the ticker CAKE,‎ is likely to have its shares suspended as a result of the discovery of financial irregularities.The ‎situation will create a huge headache for Luke Johnson, one of Britain's best-known and most successful entrepreneurs, who is Patisserie Holdings' executive chairman and largest shareholder.A leisure industry source said on Tuesday night that Chris Marsh, Patisserie Holdings' finance director, was likely to be suspended or temporarily step aside during an investigat...