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,
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 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
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.
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 administration last week following declining sales and mounting debts
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
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 trade and selected assets of the Bristol-based company have been acquired by Manchester-based Supreme, which is listed on the London Stock Exchange’s AIM, for £10.2m.
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 ...
Typhoo Tea: How trespassers and losing £120m led to downfall of historic brand
Despite not making a profit since 2017, the management running Typhoo Tea had still been optimistic for 2024 just months before the historic brand crashed into administration. Writing in its latest ...
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Typhoo enters administration as it seeks buyer
Since 2021, Typhoo has been majority-owned by private equity firm Zetland Capital, which purchased the company from Apeejay Surrendra Group. The Indian conglomerate itself bought the business from ...