Fixing this mess is no piece of cake - News Summed Up

Fixing this mess is no piece of cake


If only Luke Johnson hadn’t upgraded the accounts system. Remember what Patisserie Holdings’ big cheesecake found when he bought the business from the Scalzo brothers in 2006 via an £8 million deal? It all came out in those pre-float interviews in 2014 — when Mr Johnson and the cake chain’s chief executive Paul May were drumming up interest for a £170 million IPO. And I thought ‘oh my goodness’. They’d collect all the cash from the stores and bank it.”More fool…


Source: The Times October 11, 2018 22:52 UTC



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