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Typhoo Tea to be rescued by vape maker for £10m
Typhoo Tea has been rescued by vape maker Supreme in a £10m deal which it said would keep the brand "in British hands". The 120-year-old teamaker fell in to administration in November as its sales slumped and debts rose.
Typhoo plots iced drinks after rescue deal as hot tea goes out of fashion
The electronic vape manufacturer that has rescued Typhoo is looking to relaunch the 121-year-old company as an iced tea maker amid declining sales of the hot drink. Sandy Chadha, the chief executive of Supreme,
Typhoo is bought out of administration – but is the brand weak tea?
YouGov’s chief executive Steve Hatch takes a closer look at the data behind the biggest stories in business. Today, what's brewing at Typhoo?
Typhoo Tea bought out of administration for millions
Its new owner the batteries, lighting, vapes and drinks distributor Supreme said it could bring up profit margins with a "much reduced" overhead base and outsourcing manufacturing.
Typhoo Tea saved from administration in rescue deal by vape company Supreme
The 121-year-old tea firm filed to appoint administrators on Wednesday, but Supreme has confirmed it has completed a rescue deal to buy the brand. | ITV National News
Typhoo Tea takeover: New owner brews cost-cutting turnaround after rescue deal
With the future of Typhoo Tea secured after it was rescued out of administration, attention is now turning to what could come next.
Typhoo Tea bought by vapes firm Supreme for £10m after collapsing into administration
The tea manufacturer filed to appoint administrators last Wednesday, risking the future of the 121-year-old firm.
Typhoo Tea bought by vaping company after collapse
Typhoo Tea has been snapped up by a vapes and drinks manufacturer just days after the 120-year-old company, which once operated in Wirral, collapsed into administration. The historic tea company has been purchased by Supreme in a £10.2m deal.
Typhoo Tea bought in £10 million rescue deal by vapes firm Supreme
Typhoo Tea collapsed last week after years of decline, but has now been bought out of administration in a £10.2 million deal by London-listed Supreme
Typhoo Tea rescued by vape maker
Typhoo Tea has been rescued by vape maker Supreme which will buy the company for £10m. The 120-year-old teamaker fell in to administration in November as its sales slumped and debts rose. The new owner said the deal keeps Typhoo "in British hands" but that manufacturing will be moved abroad.
Business Weekly
3h
Cup of cheer as Mills & Reeve helps brew Supreme’s £10m swoop for Typhoo Tea
Law firm Mills & Reeve has advised Supreme on a deal to rescue historic brand Typhoo Tea from administration. London-listed ...
4d
Supreme acquires Typhoo Tea for nearly $13m
Supreme CEO Sandy Chadha said this acquisition is a “significant step” in its “broader diversification strategy.” ...
4d
on MSN
Supreme saves Typhoo Tea from administration with a £10.2 million acquisition
Typhoo Tea has been saved from administration by a seller of vapes, batteries and vitamins in a deal worth over £10m. The ...
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