Irish investor saves UK chain
UK cafe operator Patisserie Holdings sold its two main businesses for a combined consideration of £13m (€14.8m) yesterday, administrators said.
In a statement Patisserie said its Patisserie Valerie business has been bought by Causeway Capital Partners, an Irish private equity firm.
Meanwhile, its sandwich chain Philpotts was sold to wholesale and distribution group A.F. Blackmore.
The two were sold for £10m in cash, and a further £3m in future payments.