Patisserie Valerie chairman Luke Johnson faces investor fury

Shareholders in the owner of struggling cafe chain Patisserie Valerie have vented their anger at the firm's chairman, despite backing his rescue plan for the business.

At an emergency general meeting, more than 99% of shareholders backed a plan to issue £15m of new shares.

However, investors in the 206-store chain harangued chairman Luke Johnson.

They felt cheated that new investors are getting a share of the company at a knock-down price.

Shareholders also accused Mr Johnson of "holding a gun" to their heads over the rescue deal.

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https://www.bbc.co.uk/news/business-46057307