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Typhoo Tea bought by vapes firm Supreme for £10m
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 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.
Supreme acquires Typhoo Tea for nearly $13m
Supreme CEO Sandy Chadha said this acquisition is a “significant step” in its “broader diversification strategy.”
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 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 falls into administration
Typhoo Tea has fallen into administration as the 120-year-old brand's sales slump, losses widen and debts rise. Advisory firm Kroll has been appointed to handle the administration and find a buyer for the tea business. Vape and battery maker Supreme is front runner to buy Typhoo, the BBC understands.
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 rescued out of administration in £10m deal by vapes giant
Typhoo Tea has been rescued out of administration by a vapes, batteries and vitamins seller for more than £10m.
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.
Supreme Acquires Typhoo Tea for $13 Mln
Supreme said it is acquiring British tea brand Typhoo Tea for 10.2 million pounds ($13 million). The London-listed consumer-goods distributor on Monday said that the transaction is expected to enhance adjusted earnings,
Britain's Supreme buys Typhoo Tea out of administration
Britain's Supreme has bought out loss-making tea brand Typhoo Tea from administration in a 10.2 million pound ($12.94 million) deal, the fast-moving consumer products seller said on Monday. The 120-year-old tea brand had fallen into administration in November due to declining sales and mounting debt pressures.
4d
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 ...
Business Weekly
15h
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
on MSN
Much loved tea brand saved after being bought out for £10,200,000
A beloved British tea brand has been saved from the brink of collapse by a vape manufacturer. Fans of Typhoo Tea were left ...
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