Patisserie Valerie chairman pledges multimillion-pound rescue loan
(World News UK)

Patisserie Valerie´s chairman has swooped in with a rescue loan package after a black hole in the company´s accounts led to its finance chief being arrested on suspicion of fraud. Luke Johnson has pledged up to £20 million in new loans in order to keep the chain´s parent company Patisserie Holdings afloat after a wind-up order was issued against it by the taxman. Mr Johnson, a serial entrepreneur, is the largest shareholder in Patisserie Holdings with a 37% stake. The company also plans to raise as much as £15 million through the issue...