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Patisserie Valerie

Sector
Consumer/ Retail

Location
UK wide

Status
In portfolio

Investment type
Acquisition

Investment date
February 2019

Website
www.patisserie-valerie.co.uk

Causeway contacts
Matt Scaife, Connor Reid

Patisserie Valerie is the leading branded patisserie and bakery operator in the UK with more than 80 outlets. 

Headquartered in Birmingham, UK, the business originated from a single store in Soho, London in 1926 and has grown to over 80 stores with 1,600 staff.  

A well-established heritage brand, the business specialises in a distinctive range of handmade French cakes and savoury food offerings crafted at production facilities across the UK.  

The business’ loyal customer base can select from a range of luxury baked goods and are able to design customised cakes for occasions such as weddings, birthdays along with other celebrations. All orders are available for collection the next day in store.  

Causeway Capital financed the acquisition of the business out of administration following a turbulent period listed on London’s AIM for smaller companies. 

Given the uncertain future facing many pillars of the UK high street, the opportunity to protect jobs and secure the future of a much-loved British business was one that Causeway and management were enthusiastic about pursuing.  

Following Causeway Capital’s investment, Patisserie Valerie is able to focus on offering consumers its luxury baked products and returning to sustainable growth. 

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