Menu
15/02/2019
Patisserie Valerie Buy Out Saves 60 NI Jobs
Two out of three Patisserie Valerie cake shops in Belfast have been saved after an Irish firm stepped in to buy-out the company.
The purchase by Dublin-based Causeway Capital Partners of 96 branches of the café chain safeguards 60 jobs in Northern Ireland and around 2,000 positions UK-wide.
Parent company Patisserie Holdings plc was forced into administration last month following an accounting fraud issue that put 3,000 jobs on the line.
The firm has three locations in Belfast, at Donegall Square, Castle Lane and Forestside Shopping Centre.
Causeway Capital's Matt Scaife welcomed the purchase of the company.
"Patisserie Valerie is a heritage brand, much loved by its loyal customers," he said.
"This investment should mark the end of a turbulent period for customers and suppliers alike."
Patisserie Valerie chief executive Steve Francis added: "We are delighted to welcome Causeway Capital as our partners in Patisserie Valerie, ending a disruptive period of uncertainty for the business.
"The affection and loyalty for the brand among our customers and employees, and Causeway Capital's enthusiasm and support for the business, creates for us the foundations for an exciting future for the business."
(JG)
The purchase by Dublin-based Causeway Capital Partners of 96 branches of the café chain safeguards 60 jobs in Northern Ireland and around 2,000 positions UK-wide.
Parent company Patisserie Holdings plc was forced into administration last month following an accounting fraud issue that put 3,000 jobs on the line.
The firm has three locations in Belfast, at Donegall Square, Castle Lane and Forestside Shopping Centre.
Causeway Capital's Matt Scaife welcomed the purchase of the company.
"Patisserie Valerie is a heritage brand, much loved by its loyal customers," he said.
"This investment should mark the end of a turbulent period for customers and suppliers alike."
Patisserie Valerie chief executive Steve Francis added: "We are delighted to welcome Causeway Capital as our partners in Patisserie Valerie, ending a disruptive period of uncertainty for the business.
"The affection and loyalty for the brand among our customers and employees, and Causeway Capital's enthusiasm and support for the business, creates for us the foundations for an exciting future for the business."
(JG)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
20 February 2024
Seven Business Ideas To Start In NI
If you take a moment to look up the top business opportunities in Northern Ireland on a search engine such as Google, you'll be greeted with more than a million hits. With so many experts suggesting various options, it's easy to feel overwhelmed when deciding which opportunity to pursue.
Seven Business Ideas To Start In NI
If you take a moment to look up the top business opportunities in Northern Ireland on a search engine such as Google, you'll be greeted with more than a million hits. With so many experts suggesting various options, it's easy to feel overwhelmed when deciding which opportunity to pursue.
22 March 2024
11 Administrative Challenges Facing Small Businesses
In today's rapidly evolving business landscape, small businesses are facing an unprecedented array of challenges. From navigating the complexities of technology and compliance to fostering meaningful customer relationships and managing a dispersed workforce, the hurdles can seem insurmountable.
11 Administrative Challenges Facing Small Businesses
In today's rapidly evolving business landscape, small businesses are facing an unprecedented array of challenges. From navigating the complexities of technology and compliance to fostering meaningful customer relationships and managing a dispersed workforce, the hurdles can seem insurmountable.
15 March 2024
Mums At Work: Entrepreneurs To Share Journey & Expertise
A whole host of local entrepreneurs are set to take to the stage at the Mums At Work Elevate Your Business event later this month.
Mums At Work: Entrepreneurs To Share Journey & Expertise
A whole host of local entrepreneurs are set to take to the stage at the Mums At Work Elevate Your Business event later this month.
05 March 2024
Mums At Work To Inspire Businesswomen Across NI
Mums At Work CIC will be showcasing a full day of inspiring speakers at their flagship event Elevate Your Business, later this month. Taking place from 10am-4pm on Monday March 25 at the Tullyglass Hotel in Ballymena, the event is designed for business women who want to take their business to the next level.
Mums At Work To Inspire Businesswomen Across NI
Mums At Work CIC will be showcasing a full day of inspiring speakers at their flagship event Elevate Your Business, later this month. Taking place from 10am-4pm on Monday March 25 at the Tullyglass Hotel in Ballymena, the event is designed for business women who want to take their business to the next level.
08 March 2013
New Funding For Irish Firms Will Help Them Grow
Speaking from Austin, Texas where he is leading a trade mission the Minister for Jobs, Enterprise and Innovation, Richard Bruton T.D. today, announced the second investment by Enterprise Ireland under the Innovation Fund Ireland programme with Highland Capital Partners Europe.
New Funding For Irish Firms Will Help Them Grow
Speaking from Austin, Texas where he is leading a trade mission the Minister for Jobs, Enterprise and Innovation, Richard Bruton T.D. today, announced the second investment by Enterprise Ireland under the Innovation Fund Ireland programme with Highland Capital Partners Europe.
-
Northern Ireland WeatherToday:A mostly cloudy start with scattered showers, the showers becoming more isolated and largely confined to the south this morning. Becoming brighter this afternoon, the best of any sunnier spells across northern counties. Northerly winds easing. Maximum temperature 12 °C.Tonight:A dry evening with late sunny spells and some long clear spells overnight. Becoming cloudier across the north towards dawn with a few showers possible. Touch of frost in south. Minimum temperature 0 °C.
