Patisserie Valerie collapses into administration

Patisserie Valerie has collapsed into administration
Patisserie Valerie has collapsed into administration
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Cake chain Patisserie Valerie - which has a store in Preston - has collapsed into administration.

The company's troubles were first uncovered in October last year when its shares were suspended after “significant, and potentially fraudulent” activity was discovered within its accounts.

Read more>>> The future looks uncertain for Preston's Patisserie Valerie after suspected fraud

The chain has a branch in the St George's Shopping Centre on Friargate in Preston.

The cafe opened in October 2015, and was the first to open in Lancashire.

Fears are now growing that jobs will be lost across the business.