The Aberdeen branch of a cake chain has been saved – as the company falls into administration.
Administrators of Patisserie Valerie have confirmed that 71 stores across the UK have been earmarked for closure, but the Granite City store, in Union Square, is understood to be remaining open.
As part of the closures, 27 standalone stores, 19 Druckers outlets and 25 Patisserie Valerie concessions in Debenhams, Next and motorway service stations will face the axe.
David Costley-Wood, partner at KPMG and joint administrator, said: “Since our appointment less than 24 hours ago, we have been pleased with the level of interest we have received in the business and so remain hopeful of achieving a positive outcome.
“In the meantime, we can reassure customers that across the remaining 122 stores, it is all but business as usual.”
The closures are expected to result in 920 redundancies.