Blakemore purchases Philpotts sites from struggling high street bakery chain Patisserie Valerie

AF Blakemore & Son has purchased all 21 sites from Patisserie Valerie's catering subsidiary Philpotts.

High street bakery chain Patiserrie Valerie went into administration last month following alleged fraudulent activity within the company. Blakemore's purchase of the cafes from Philpotts, which also specialises in catering services to businesses, comes alongside the separate purchase of 96 Patisserie Valerie sites by equity firm Causeway Capital.

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The deals have brought the high street chain out of administration. David Costley-Wood, partner at joint administration KPMG, said: “To have been able to secure the future of the majority of the Patisserie Valerie and Philpotts business, along with such a significant number of jobs, all against a challenging backdrop, is really pleasing.

"It was clear from the outset of our appointment that the loyalty shown in the brands from their very many customers was a significant factor in ensuring that these businesses would remain part and parcel of our high streets."

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