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Winding up petition on Patisserie unit dismissed

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By Reuters
Winding up petition on Patisserie unit dismissed
FILE PHOTO: A sign is seen outside a branch of Patisserie Valerie in London, Britain, October 10, 2018. REUTERS/Simon Dawson/File Photo   -   Copyright  Simon Dawson(Reuters)

(Reuters) – The winding up petition against Patisserie Valerie owner Patisserie Holdings’ <CAKEP.L> operating unit has been dismissed by the UK’s High Court of Justice, Business and Property Courts the company said on Wednesday.

Britain’s HM Revenue & Customs (HMRC) had filed a winding up petition against Stonebeach Limited, the main trading subsidiary of the cafe chain owner, over 1.14 million pounds the tax office says it is owed.

(Reporting by Shariq Khan in Bengaluru; editing by Patrick Graham)