Patisserie Holdings, the owner of the legendary bakery chain Patisserie Valerie, announces results for the financial year ended 30th September 2011.
Revenues rose by 21% to £43.2m and operating profits climbed 31% to £8.0m. During the year the business opened 14 new branches in locations as diverse at Bath, Chester, Liverpool and Charing Cross, Central London.
The business now trades from over 85 outlets around England across the three brands of Patisserie Valerie, Baker & Spice and Druckers. Each serves a different segment of the market.
Patisserie Valerie, founded in London’s Soho in 1926, offers an unrivalled selection of fresh cakes, viennoisserie and confectionery, all made to our own recipes within our own bakeries.
Chief Executive Paul May said, “Despite the challenging economy, our customers continue to enjoy our affordable treats. We remain confident that our offering will succeed in many additional towns and cities across Britain. We intend to open more new branches than ever before in 2012, with recent launches in Bury St Edmunds and Henley, while our cafes in Sutton and Leicester will open in the coming weeks.”
Chairman Luke Johnson said: “Our staff have done a fantastic job in growing the company during the last year and I applaud them. I look forward to a busy year serving many more delicious indulgences and creating more jobs. “
Patisserie Holdings employs over 2,100 staff across its various operations, and will create over 550 new jobs in the coming year by investing in new patisseries around the country.
Paul May 0121 777 7000
Luke Johnson 020 7016 0700