Patisserie Valerie's Former Chairman Joins Creditors' Committee to Pursue Legal Claims
Patisserie Valerie, once a thriving café chain, crumbled in 2018 due to a £94 million fraud. Luke Johnson, the former executive chairman and largest shareholder, has now joined a committee of creditors to oversee legal zoom against the company's board. Johnson is personally owed more than £10 million from the chain's collapse.
The committee, formed to appoint a new administrator, will consider lawsuits against the auditor and directors of the chain. Paul Brampton, a public relations consultant, has also joined the committee to advise on communication matters. Johnson's role in the committee is significant, given his previous position as the executive chairman of Patisserie Holdings, the parent company of Patisserie Valerie. The committee's primary task is to oversee a review of potential legal claims against the board, of which Johnson was a key member.
The involvement of Luke Johnson and Paul Brampton in the creditors' committee signals a step towards accountability and recovery for Patisserie Valerie's creditors. The committee's work will help determine the future of legal zoom against the company's board and auditor, following the 2018 accounting scandal that led to the chain's collapse.
