Patisserie Valerie
Patisserie ValeriePatisserie Valerie is a chain of cafés that operate in the United Kingdom. The chain specialises in hand-made cakes, and its menu includes continental breakfasts, lunches and teas and coffees.
Patisserie Valerie was first opened in 1926 in Frith Street, central London by the Belgian, Madame Valerie. It remained there until bombing during World War II resulted in its move to nearby Old Compton Street.
The Scalzo brothers bought it in 1987 from descendants of the founder, and grew the business to nine branches, including shops in Piccadilly and Kensington In 2006 Luke Johnson's Risk Capital Partners acquired the Scalzo brothers' controlling stake in the company. At the time of the acquisition, Luke Johnson said:
We have significant experience of rolling out successful food and drink concepts, including Pizza Express, Strada and Giraffe. Patisserie Valerie is a much-loved institution with tremendous heritage. We are confident there are many upscale locations across Britain's cities that would love the authentic pastries, cakes and savouries supplied by Patisserie Valerie.
The chain has expanded rapidly since 2006, growing from eight shops in 2006 to 124 as of November 2015 and one new shop in Debenhams in Blanchardstown Town Centre in Dublin, Ireland in 2017.
In April 2014 the company announced plans to raise £33m on the London Alternative Investment Market, using the sum to reduce its debt.
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