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 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 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 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 steams ahead with Supreme Vapes company buyout
Typhoo Tea, British tea brand, has been saved from possible collapse by being bought out of administration by vapes and batteries brand, Supreme.
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 Supreme has paid £10.2m to buy the Typhoo Tea business. In the year to September 30, Typhoo generated revenues of around £20m.
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.
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 ...
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 ...
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 ...