By Dan Bean in York Press.
A CAKE shop chain with three sites in York has collapsed into administration.
The move by Patisserie Valerie – which has branches in Feasegate, Coppergate and at the Designer Outlet – came following failed discussions with HSBC and Barclays to extend a standstill agreement on its debts, and has put more than 3,000 jobs at risk.
KPMG was appointed as administrator on Tuesday, and said it would continue to trade 121 out of 200 stores, but added that 70 cafes and concessions would close in coming days, resulting in a “significant number” of redundancies.
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