Patisserie Valerie faces legal action

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The company that owns Patisserie Valerie could be facing legal action from investors over the collapse of the cafe chain.

Chris Boxall, co-founder of Fundamental Asset Management, said he was “flabbergasted” by the situation

He told BBC Radio 4’s Today Programme he was considering legal action as he had a “moral duty, a fiduciary duty” to clients.

Administrators KPMG are closing 70 stores, and seeking buyers for others.