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Mike Ashley bids for Patisserie Valerie

Mike Ashley is looking to add the coffee chain to his collection of bust retailers

Mike Ashley’s Sports Direct confirmed it has made an offer to buy collapsed cake shop Patisserie Valerie out of administration.

Sports Direct announced late on Friday afternoon that it had made an offer to acquire the “trade and assets of Patisserie Holdings plc and its companies out of administration”.

Administrators at KPMG said earlier this week that they were “encouraged by the scope of offers received from trade and finance buyers for all and for parts of the business”.

It is understood that Mr Ashley’s interest was only lodged late on Friday, although his voracious appetite for acquisitions meant he has been linked to the collapsed cake and coffee chain previously.

Azurri, the owner of…

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