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Typhoo Tea collapsed into administration owing around £100m to its creditors ahead of being rescued, it has been revealed. The Bristol-based company entered administration in November 2024 before ...
Typhoo is poised to be taken over by a disposable vape company after the tea company collapsed into administration. Supreme, which sells e-cigarette brands 88Vape and Elfbar in the UK, on Thursday ...
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.
Supreme, a UK-based consumer goods company, has bought Typhoo Tea out of administration. The rescue was agreed in a deal worth £10.2 million, according to The Guardian.
Typhoo Tea, a 120-year-old brand, entered administration last month. Credit: Sheila Fitzgerald/Shutterstock. Supreme, a UK-based manufacturer of drinks, protein powders and vapes, has acquired Typhoo ...
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.
But perhaps not for much longer: trouble is brewing. 'Love affair showing cracks' Typhoo Tea, a "stalwart of kitchen cupboards since 1903", is reportedly "teetering on the brink of administration".
Typhoo Tea chair Mike Brehme said: “We are delighted to welcome Dave to the team, especially at the beginning of this incredibly important journey. His track record speaks for itself. In the year ...