Debenhams rocked by the collapse of Patisserie Valerie

Debenhams rocked by the collapse of Patisserie Valerie as cafe chain closes outlets at the department store

By Hannah Uttley For The Daily Mail

Published: 21:53 GMT, 23 January 2019 | Updated: 08:03 GMT, 24 January 2019

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The collapse of Patisserie Valerie has dealt a fresh blow to Debenhams as the cafe chain closed outlets at the department store.

Just hours after parent company Patisserie Holdings crashed into administration following an accounting scandal, the shutters came down on 71 cafes, with the loss of 920 jobs.

The closures included 27 Patisserie Valerie cafes, all 19 Druckers stores and 25 Patisserie Valerie concessions, including 17 in Debenhams, four in Next and four in service stations.

Patisserie Valerie has closed 17 of its concessions inside Debenhams stores following the collapse of the cafe chain 

Patisserie Valerie has closed 17 of its concessions inside Debenhams stores following the collapse of the cafe chain 

Analysts said the closures in Debenhams were a further blow to the struggling department store chain. 

Russ Mould, investment director at AJ Bell, said: 'What Debenhams has been trying to do is create an experience and be a one-stop shop where you can eat, drink and shop. If those concessions go then Debenhams has even more floorspace that isn't earning any money.'

Patisserie Holdings plunged into administration this week after a £40million black hole was discovered in its accounts.

Administrators at KPMG said they will continue to trade the remaining 122 Patisserie Valerie stores as it seeks a buyer.

David Costley-Wood, partner at KPMG and joint administrator of Patisserie Holdings, said: 'We have been pleased with the level of interest we have received

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