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Vape maker buys Typhoo Tea out of administration
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 Tea bought out of administration in £10.2m rescue deal
Typhoo, one of Britain’s oldest tea companies, has been bought out of administration by a major UK vaping manufacturer. Typhoo Tea collapsed last week after finding no way of paying back tens of millions of pounds in debts,
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 in rescue deal by vapes firm Supreme
Vapes and batteries maker Supreme has bought collapsed
tea
firm
Typhoo
out of administration.
Typhoo
Tea
filed to appoint administrators last Wednesday, risking the future of the 121-year-old firm.
Typhoo Tea bought out of administration by vape firm as young people turn away from tea
Typhoo Tea bought out of administration by vape firm as young people turn away from tea - The tea manufacturer filed to appoint administrators last Wednesday, risking the future of the 121-year-old fi
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 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 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.
4d
Supreme acquires Typhoo Tea for nearly $13m
Supreme CEO Sandy Chadha said this acquisition is a “significant step” in its “broader diversification strategy.” ...
Business Weekly
13h
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 ...
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