// Patisserie Valerie is set to close nine stores that have not recovered “as well as expected” following the pandemic.
// The pastry retailer said the wider business will not be affected by the closures
Patisserie Valerie is to close nine stores that have not recovered as well as expected following the Covid-19 pandemic.
The coffee and pastries retailer said it has “faced a period of unprecedented challenges in recent times” added that the decision to close stores came following a review of its store estate.
As a result, the business will be shuttering three sites in Belfast and stores at London’s Victoria Station, Eastbourne, Exeter, Glasgow Central, Dundee and Windsor.
However, the wider business, which is backed by Irish private equity firm Causeway Capital, will not be affected by the move and it also announced that its VP Retail Limited subsidiary will cease to trade following the closures.
Patisserie Valerie chief executive James Fleming said: “Whilst closing stores is never an easy decision to take, we are confident this is the right thing to do to ensure the group is in a stronger position to continue investing and delivering the high-quality experience our customers rightly expect in these challenging times.”
