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 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 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.
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, and for the integration of the business to proceed without disruption to existing operations or customer-service levels.
Typhoo Tea bought in a £10.2 million rescue deal
Discover the rescue deal that saved Typhoo Tea. Find out how Supreme's £10.2 million acquisition secured the future of this iconic brand.
Typhoo Tea saved from going bust with plans to 'thrive'
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.
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.
Supreme rescues Typhoo Tea from administration
Founded in 1903, Typhoo entered administration last month, putting its future and associated brands at risk. Supreme’s acquisition secures Typhoo and its portfolio, including QT, Lift, Herbalists, Heath & Heather, London Fruit & Herb Company, Glengettie, Melrose’s, Ridgeways, Red Mountain Coffee and Fresh Brew.
British tea brand Typhoo saved in new deal after falling into administration
Iconic British tea brand Typhoo has been saved in a massive deal after falling into administration last month. The 120-year-old company has been sold to the vape giant Supreme in a deal worth more ...
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 ...