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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 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
Why vape makers Supreme have bought Typhoo, UK's oldest tea firm
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. However, London-listed Supreme confirmed talks over a deal last week and said on Monday it has completed a rescue deal to buy the historic brand.
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 by vapes firm Supreme
Typhoo Tea filed to appoint administrators last Wednesday. However, London-listed Supreme confirmed talks over a deal last week and said on Monday it has completed a rescue deal to buy the historic brand. Supreme said it will pay a total of £10.2 million to buy Typhoo, in a deal which values the brand’s stock and trade debts at £7.5 million.
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.
Typhoo Tea bought in rescue deal by vapes firm Supreme
Typhoo Tea bought in rescue deal by vapes firm Supreme - The tea manufacturer filed to appoint administrators last Wednesday, risking the future of the 121-year-old firm.
3d
Supreme acquires Typhoo Tea for nearly $13m
Supreme CEO Sandy Chadha said this acquisition is a “significant step” in its “broader diversification strategy.” ...
4d
Iconic British tea firm Typhoo saved after collapsing into administration
Typhoo has been snapped up by Supreme, in a deal worth £10.2million, after the 120-year-old firm collapsed into ...
Cambridge Network
1d
Mills & Reeve advises Supreme on Typhoo Tea acquisition
Mills & Reeve has advised Supreme on a deal to rescue historic tea brand, Typhoo Tea, from administration. London-listed ...
4d
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 ...
esmmagazine.com
4d
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 ($12.94 million) ...
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