The deputy chairman of Patisserie Valerie has resigned a day after the group revealed the extent of an accounting scandal which pushed it close to collapse last year.
Patisserie Valerie has unveiled the “devastating” extent of the irregularities in its accounting, which included thousands of false entries into the company’s ledgers.
Another director has left the troubled parent of Patisserie Valerie, marking the latest change to the board in the wake of its brush with collapse last year.
Shares in Brighton Pier Group, the leisure company chaired by Patisserie Valerie chief Luke Johnson, have plummeted on the news that profits will be lower than expected.
Patisserie Valerie chairman Luke Johnson has faced down sharp criticism from shareholders as the cafe chain gained backing for a rescue plan.
Patisserie Valerie has parted company with its finance director, who is facing a fraud probe relating to a black hole in the company’s accounts.