CAFE BOSS AR­REST

Daily Star - - NEWS -

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PATIS­SERIE Va­lerie’s fi­nance chief has been ar­rested just days af­ter a £20mil­lion black hole was found in the cafe chain’s fi­nances. Chris Marsh, who had been sus­pended by the com­pany, was taken in by po­lice but has since been re­leased un­der in­ves­ti­ga­tion.

The Se­ri­ous Fraud Of­fice said it had “opened a crim­i­nal in­ves­ti­ga­tion into an in­di­vid­ual”. Patis­serie Hold­ings chair­man Luke John­son is now of­fer­ing up to £20m in loans in an ef­fort to keep the com­pany afloat.

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Mean­while, Amer­i­can Golf looks set to close 20 stores across the UK and Ire­land af­ter it went into ad­min­is­tra­tion. As part of a deal with buy­out in­vestor End­less, 112 of the golf re­tailer’s shops will stay open.

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