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.
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 has been bought by vapes and batteries maker Supreme after falling into administration. The company filed to appoint administrators last Wednesday after its sales slumped and debts rose, risking the future of the 121-year-old company.
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.
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 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.
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.
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Lancashire Telegraph5d
Typhoo Tea tumbles into administration after 120 years
“The administration process provides Typhoo Tea with protection, allowing the joint administrators to finalise the sale in order to rescue the business.” Typhoo’s latest company filings show ...
Much loved tea brand saved after being bought out for £10,200,000
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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 ...