Patisserie Valerie: More management denial and false accounting

Despite reports suggesting a complex fraud including collusion with suppliers, it is implausible that senior management should not have seen some warning signs that things weren’t right at Patisserie Valerie. EBIT margins of over 15% compared to competitors making half that and against a backdrop of stress on the high street should have raised red […]

Company Doctor's Diary

Notes, insights and reflections from Matthew, one of our directors and turnaround experts, as he works with companies during Lockdown.